$WML
Watching closely for participation, today may be the precursor candle before the big break, closing above 2.5c resist
Just cognisant of 237mil shares issued which is an instant 3x on placement. Markup morning into distribution arvo is something I have seen far too often
$BNR
Needs greater market participation (volume). Structure is right, PA at the mercy of speculators and price manipulators. Pending drilling approvals
Only traded 3 tickers under my new trade rules $RDN $OZM $BNR. This is the last one that needs to fire but mojo is back baby
$BNR charts aren't a perfect science (especially in spec land)
Price converges to 20EMA. Watch for the signal of break of the supply line with bullish green candle. News driven chart structure pending drilling approvals for $AKE $NIS $WML nearology. 18c key level
$BNR
Massive spring shakeout on volume last week into continuation of ascending triangle on low volume. Massive tight coil, breaking shortly, watch 18c get taken. Play the setup before the move here
Thematic lithium nearology $AKE $NIS. Strong cash position - FA/TA aligned
$OZM
C&H structure playing out, bullish buys on the 5EMA supply test today. Watching to see break of supply line. Structure completion is around the 26c price level. Again, specs are largely news/sentiment driven which will have outsized bias of how this plays out
$AR9 - maybe so but trading liquidity is my FIRST and most important screen for a volatile stock. Without broad market participation in a small cap rallies won't "stick" they'll just flop. Sustainable trends only happen when strong hands support them but I see no strong hands here.
PS - over many years I have found in micro stocks like this, that TA based on chart data older than the last quarterly(s) or the last few price sensitive announcements is "ancient history" and a more often than not irrelevant to what's happening today. You have to trade liquidity, on intra day time frames, and at the hard right edge of the chart 🤠
$RDN 6c zone looks like top of channel completion. Currently in blue sky zone, decade long uncharted territory (no major resistance)
$AZS bullish sentiment driving this higher
$RDN weekly
$AZS lit a fire in WA spec lithium. Knowing RDN mgmt history, I'll give cred for moving quick to ride the tailwinds in the sector. 3 yr C&H has played out with massive volume fueling an upside break in the structure.
10 yr blue sky zone in play, 2024 could be big
$OZM
C&H structure playing out, bullish buys on the 5EMA supply test today. Watching to see break of supply line. Structure completion is around the 26c price level. Again, specs are largely news/sentiment driven which will have outsized bias of how this plays out
@Jarmez79 Thanks for the kind words. Yes when a flag/pennant forms at the 5EMA usually I see the market maker test the 20EMA for supply (spring). A good way to force ST traders into their stop expecting the upside move. BNR is waiting on drilling approval, seems in holding pattern until ✅
$RDN weekly
$AZS lit a fire in WA spec lithium. Knowing RDN mgmt history, I'll give cred for moving quick to ride the tailwinds in the sector. 3 yr C&H has played out with massive volume fueling an upside break in the structure.
10 yr blue sky zone in play, 2024 could be big
$BNR
Massive spring shakeout on volume last week into continuation of ascending triangle on low volume. Massive tight coil, breaking shortly, watch 18c get taken. Play the setup before the move here
Thematic lithium nearology $AKE $NIS. Strong cash position - FA/TA aligned
@theAZtrader Haha brother! Yeah been taking a few trades but now just living my best life. Converting my trading wins into passive income has been a massive lifehack. Don't miss watching the tape.
Just saw the setup and the PA and it looked tight so thought I'd share for old times sake 🥃
1) Hello again #fintwit it's been a while! The world has definitely changed since we last spoke. I've been fortunate to take a break in life and the platform for the last 2 years.
From what has been a historic bull run over the decade to where we are now post COVID it is...
7) I look forward to getting acquainted with you again.
For me, it's less about "making money" but building wealth and establishing an empire. Let's make moves, speak soon.
6) I've always wanted to share my thoughts on early stage ASX spec companies and really highlight the ins and outs of this world (spoiler alert: it's not like trading indexes). I've played here for over 10 years, done day to long horizon trading, I've seen it all...