Wednesday, October 6, 2010

Kevi's morning charts 6th Oct

Morning all,

Well what a strong night in the US, should be some fireworks this morning at open! I managed to do a quick chart of the DJIA and how I see it...

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Yesterday I posted a chart for the REE stock Lynas Corp (LYC). A few indicators suggested that the chart was rolling over, though yesterday saw a huge turn around. Infact, buying was so strong, we saw a breakout in late afternoon trade. Literally when it cracked the $1.38 resistance, it was on for young and old with buyers chasing it into close (@ $1.41) on solid volume.

Here is the chart.

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Another chart of interest

Rum Jungle Uranium (RUM)

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Independance Group (IGO) - a friend pointed this one out to me

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Unfortunately thats all I have time for this morning.

Good luck today

Cheers
Kevi

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