Michaeljob

Michaeljob Updated 

AVZ exploring for lithium in the DRC has been a well 'promoted' stock which valuation wise clearly overreached the project stage. Chart wise it appears that fear and tax loss selling are in control currently and are likely to define the action over the coming weeks, this may present a trade opportunity for entry at the historical support level or 10c, should...

Michaeljob

LOM has formed a reasonably clean cut inverse head and shoulders pattern which is currently challenging the neck line. With a ongoing news from existing diamond mining activities and upcoming exploration work the catalyst for a break seem likely to present. First target is set at the support/res level at 37.5c with the second target at 42.5c representing 27...

Michaeljob

Hazer the only? hydrogen play on the ASX have been smacked down by a large founding holder, the question is greed or ignorance. The sell off has bee at the hand of one large seller while the outward facing metrics have continued to improve, Over the coming sessions it will come to light if the selling has been ignorant or inside, should it be inside the seller...

Michaeljob

SP3 since early March has been respecting the channel in an upside move, having today touched the base the set up is open for a trade. If the move plays again then a move of around 25% over coming sessions is possible to again test the top of the range

Michaeljob

MOD a Kalahari Copper Belt explorer are actively defining a large copper resource. Current bull case based on the small portion of the tenements explored to date is for a USD2.3b copper resource (coincidentally there are 2.3b shares on issue therefore $1 of resource per share), as they continue to drill out the targets this resource is expected to grow. AISC...

Michaeljob

A morning star reversal has formed on the weekly chart for $AVB, with the backdrop of a strong gold price and pending updates on the 2m oz project this trade concept provides a solid R:R When the pattern last played out in mid 2017 a 24% rise occurred which faced resistance at previous support. The exit has been chosen at the old support level of 9.5c which...

Michaeljob

The weekly chart has developed a near text book cup and handle technical set up with the handle over the last 2 weeks receding to the 50% level, should this play out an entry at 70.5c will deliver 20% profit at 84.5c exit just below prior resistance, for the brave a secondary target exists at $1.285 should the pattern run to it's full extent representing an 80%...

Michaeljob

MOD Resources are aggressively defining a large scale high grade resource in Botswana, at least 8 rigs are currently in action with several other price catalysts anticipated near term. There are close to 2 billion shares on issue therefore this tends to move somewhat slowly however as has been seen by the historical shifts when it does move it can be significant....

Michaeljob

Long term trend line has broken suggesting a larger pull back may be required. The company have appreciated around 1000% over the past 6 months and the buyer reach appears exhausted. Key support at 12.5c is the target for this short trade concept

Michaeljob

Andrea are currently teetering on the long term support of the key trend line. With adequate cashflow and upcoming news flow from the PFS I am expecting to see a bounce from this key support over the coming weeks Target entry is $1.235 with target exit at $1.545 giving a 25% upside on a successful move with RR of 1.94 considering stops at 1.075 Andrea are...

Michaeljob

A solid risk vs reward trade looks to be setting up on the Bathurst Resources chart. We are seeing the 200 day MA and long term trend line looking like meeting at the volumetric support zone of 13c The trade is it plays our will be entered at 13c with a exit or 16.5c on the first likely resistance point representing a 26% move from entry and a 1.75 risk/reward ratio

Michaeljob

TTL has since mid January absorbed around 55m shares in the 3.6-4.6c range setting a new base well. This tech stock has a shareholder base with several notable highly successful large holders and is active in the acquisition space. $MYQ also run by Peter Wall was last years top performing stock showing that when he gets it right he gets it very right and Tolga...

Michaeljob

LPD chart has recently broken a solid consolidation pattern, surging 20% above the 6.3 support level to test remaining resistance at the 7.5c mark. After trading up to 7.9c the move has encountered resistance and fallen back to 7.0c on relatively low volume which has continued to drop into the retrace until flattening out at around the 50% retrace level. This has...

Michaeljob

THC has well and truly broken out over the last few sessions, the flag break gives a target of $1.53

Michaeljob

CKA has a catalyst coming in the finalisation of a large offtake agreement which should provide the push required to breakout from this tightening range

Michaeljob

Over the last 5 years, Spectur has been involved in a process of constant development. Our wireless security camera design is the result of millions of hours of real-world experience, in one of the world’s most hostile and arid environments Spectur have moved well since my last idea was published moving out of thew base at peaking up 61% before resetting in the...

Michaeljob

Carawine recently hit the boards with an EV of $4m They have $7m cash and a quality shareholder structure with 55m shares on issue. With a large acreage position in WA targeting, nickel, gold, copper and cobalt and shallow high grade gold in Victoria this has the traits of an exploration company worth $30m plus

Michaeljob

Cokal Limited have recently announced a non binding LOI for the sale of 50,000 tonnes of high grade coal per month. The LOI is expected to move over the next few days into a binding agreement which should see the company achieve a valuation based on the project economics The project basics Non binding LOI for A$400m of coal sales at 50k t/month US$126/t assumed...