Am Asia Ex Jap Discussion Threads

[mattjos] 09/4/2019 19:42

good call on TXP homebrewruss .. took my eye off it and missed it. good luck

[homebrewruss] 09/4/2019 19:11

Bamboo it's not super scientific but with resource companies and particularly o&g shares being so news driven there's often an opportunity to get in before the herd ahead of for instance a transformational drill and sell at the time of spud for a low risk trade.
It helps to know the back story of the stock and also have a stock that is 'well followed'

TXP for instance have a big drill due to start in early June and are fully funded for it, I started buying a couple of weeks ago around 12p, hopefully by drill time it will be closer to 20p.


free stock charts from uk.advfn.com

[bamboo2] 08/4/2019 21:40

AAZ, I haven't looked at this for a while. Nearing a decision point. Next potential turn 12/4/2019

[bamboo2] 08/4/2019 21:28

SPE Not sure this has bottomed.

Some patterns show tp around 778, involving a gap fill[793-800] from 19/7/2018

Potential turn 9-10/4/2019, more likely 10th April. Some historical support approx. 950, stronger hist sup approx. 900

[bamboo2] 08/4/2019 20:57

russ, thank you for the update.

Commodities aren't really my thing! I had enough of aim oil and miners many years ago, finding that I didn't have enough specialist knowledge, and was reliant on others. That was before I got into chart patterns though, so perhaps I should look again.

BOKU, a flag. Possible tp approx. 135 using half staff method.
Potential turn 11/4/2019

[bamboo2] 07/4/2019 19:28

Hi mf, I have my stops and potential turns to help me, but very much appreciate what you say.

KWS has broken out. I had it pencilled in to buy at hist sup, approx. 1050, but missed the chance as was busy elsewhere. As mentioned earlier, have been struggling with demands on my time. I had a potential turn marked for last Friday 5 April. Guess there will some volatility there tomorrow.

[homebrewruss] 07/4/2019 19:24

My investing year has been a bit like a game of snakes and ladders but I'm slightly up on the year and fairly happy with that given that any bad or indifferent news seems harshly punished and good news doesn't seem to make much difference.

I'm focussing on undervalued (mainly commodity) plays at the moment with strong cashflow and growth but am also mindful of the charts. I'm also liking stocks with near term anticipated news such as a maiden divi or upcoming drill where people start to buy a month or two in advance in anticipation of the news.

JOG was good for that which I highlighted here before.

TXP and I3E fit that bill too and are hopefully next.

JSE is also looking good with great cashflow, growth and a divi mooted later in the year, it's just started to gain some momentum.

Finally SDX is due to announce a doubling in production around July and will start throwing off lots of cash. The chart there looks to be bottoming and will hopefully start turning up in May, I'll mention it if and when it does.

[mad foetus] 07/4/2019 18:24

Just FYI there is a pattern that Bulkowski doesn't mention but which a group I know recognise quite frequently called the "AIM mountain". ZOO is possibly the best example at the moment but basically, once an AIM stock starts falling it seems to only rarely bounce back and if you are playing percentages it is best to leave well alone. Although...KWS looks at an interesting juncture, as do most commodity stocks

[bamboo2] 07/4/2019 18:10

Hi russ, Thanks for that! FFX is one that has been very responsive to the potential turns. I have done very well trading it so far this year.
My problem has been lack of time for charting.

I hope you are doing okay.

IGG

This looks very negative from a chart pov. Multiple H&S over differing timescales, falling sma's.

Next potential turn 12/4/2019.



I have given up attempting to long trade downtrends until I get some evidence that the share price is bottoming, such as that I am attempting to trade at ZOO. Zoo has very nearly hit it's H&S tp, and found historical support recently.

[homebrewruss] 07/4/2019 17:35

Bamboo, apparently FFX was the main tip in SCSW yesterday so should get a good boost from that.

[bamboo2] 07/4/2019 17:01

FFX, added a substantial amount of these in the past week ready for a potential turn [x3] tomorrow, Mon 8/4/2019 Eod close above 107.5 targets approx. 120

[bamboo2] 22/3/2019 19:53

ZOO,

Dominant chart pattern is a Head and shoulders with a tp approx. 38.
Hist sup approx. 40-44

These potential turns coincide on the mid price based chart 2-3/4/2019.
The last market price [mp] based chart has the apex of the same trendlines this weekend, 22-25/3/2019.

It will be interesting to see which, if any, is correct.
The mp chart can register outlying trades that can skew the trendlines. Mid price charts seem more reliable on thinly traded stocks.

Watch volume!





ZOO update, Sunday 31/03/2019


Watch for retrace. Last market chart had potential turn Friday 29/3/2019

update 2/4/2019, multiple turns tomorrow.

===============================================
update Sunday 7/4/2019, potential turn tomorrow.
Guessing on a low turn, although inside day on Friday means near term direction difficult to forecast.

[bamboo2] 20/3/2019 22:09

IGG


Potential turns 22 & 27/3/2019, and 11/4/2019



FFX [added 18:04 22/3/2018


Potential turn 25/3/2019

[bamboo2] 03/3/2019 14:04

MSFT, This could start forming the rhs of an INVH&S.

potential turn 6/3/2018

[homebrewruss] 03/3/2019 13:48

Thanks bamboo. AMER should have some news due around the middle of the month which will hopefully reverse the trend.

My JOG trade from #93 has gone well, spud news is due there later this week.

I have a couple of other oilers I'm following with news due around May/June which I'll post up if the chart patterns start looking interesting.

[bamboo2] 03/3/2019 10:41

AMER, from a potential HTF, has now morphed into a confirmed H&S, tp approx. 14.
Potential turns 5 & 8-11/3/2019
Note, breakaway gap from 2/1/2019 exists only on mid price, but not on last market price
based chart, there is no gap based support zone, only historical.

[toptrump1] 23/1/2019 23:11

Bamboo, would you mind answering my q on the spe thread regarding your last post there
Thanks very much

[wanobi] 23/1/2019 08:13

no problem bamboo, I understand how short time is, I have a full time job & doing this at same time, its not easy to do it....cheers Wan

[bamboo2] 22/1/2019 22:35

Hi wan, sorry I missed your post. I can't really do requests as very short of time at the moment. That may change in the future.

droyden, I have been monitoring AMER as many others have mentioned it. Normally I don't do miners or oils!

[droyden] 22/1/2019 18:53

Thanks for the revisit on AMER, I had hoped that the update today would have pushed it up-to to confirmation but it seems a very nothing day!

[wanobi] 21/1/2019 21:12

Hi bamboo2, great thread, what are your thoughts on AVCT, MTL, ORM, TXP charts?,,, if and when you have time or indeed what to take a look,,, no problem if you're too busy, thanx, cheers Wan

[bamboo2] 21/1/2019 18:28

AMER, demonstrates why, with a potential HTF, we WAIT for confirmation!!!



Re, post no 89 10 Jan 19

""droyden, I have just checked AMER for HTF. Thanks for mentioning it here.

It is confirmed as valid with an eod close above 20.5
The low tp is 24.8, [based on 50% of flag pole] High tp is 28.8 [90% of fp]

The chart also qualifies as a standard flag pattern with a tp 22.8

The next potential apex based turn is 15/1/2019""

[homebrewruss] 21/1/2019 10:11

Thanks for the feedback bamboo. Looks like both the JOG and AAZ charts are playing out.

[bamboo2] 20/1/2019 12:28

AAZ, H&S confirmed tp approx. 77.5
Potential turn [x2] noted 23/1/2019