Tuesday, October 12, 2010

Kevi's morning charts 12th Oct

Morning all,

Still alot of nice charts floating out there. Yesterday was very good day for movers in teh spec sector, with Deep Yellow (DYL) and Altona Mining (AOH) some of the stand outs.

Here is the Deep Yellow (DYL) chart.

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Now for the Altona Mining (AOH) chart. I posted this same chart yesterday morning, so yesterdays candle isnt showing. It did however hit 28.5c yesterday before closing right on the resistance level @ 28c. Today is crucial for closure above the resistance level for the short term outlook anyway.

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Shaw River Resources (SRR)

Another one of interest. Hit 18c (resistance level) with some big buys yesterday before closing @ 17c. I think there might be more left in the tank on this one looking at the volume and indicators on the chart. Next resistance past 18c is around the 23c level.

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Final chart is Fox Resources (FXR). I spotted this yesterday afternoon heading into close. So really strong buying at the 14c level, and then some very large buys in the auction to close this @ 15c well above the recent resistance level. Looking at the chart, I suspect there will be some solid volume here today.

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Cheers and good luck

Kevi

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