Asa Resource Share Discussion Threads

[mr macgregor] 25/10/2016 19:27

Fair enough. I'm sceptical about the daily commentary on emerging patterns with these erratic AIM stocks, as it seems to me the theory came from the study of highly liquid main market stocks.

[mreasygoing] 25/10/2016 17:05

The problem was that commodity prices were still in free fall in 2014. The chart back then did look a fantastic buy but the fundamentals overrode it. It's best to use a mixture and balance the two.

[blueball] 25/10/2016 13:13

Need a bit of volume and it will be fine.

[tidy 2] 25/10/2016 10:44

Isdx paying 2.53

[juju44] 25/10/2016 09:55

techs are still supportive of further gains

[mreasygoing] 25/10/2016 09:54

Patience ladies...... and gents.

[tidy 2] 25/10/2016 09:54

Pennant textbook.

[blueball] 25/10/2016 09:52

There she goes.

[juju44] 24/10/2016 17:46

A charge through 2.6 with volume is now requiored

[the stigologist] 24/10/2016 16:57

There may be action with CASA soon but also with ASA Gold / Zani Kodo

Randgold have been very active taking over/JV ing with all the juniors around them

[blueball] 24/10/2016 16:25

OTC up 25% on further CASA acquisition.

[juju44] 24/10/2016 15:16

must be a buyer behind the screen as visible volume is lousy

[moormoney] 24/10/2016 15:14

Excellent start to the week! ASA are in demand😀€512;

[tidy 2] 24/10/2016 03:58

Jailbird i use SMA and EMA Input the 8EMA and 20SMA on the 6 month chart and notice how they close in together as the bolly bands narrow. At each stage it begins to breakout. Pennant also formed at this stage. I use the 50 and 200SMA's for long term golden crosses. Asa is above these so I move to the short term indicators to mark the next movement

[jailbird] 24/10/2016 00:58

Nickel

Global nickel market ended in deficit of 75,100 tonnes in January-August 2016 with apparent demand exceeding production. The calculated full year surplus had stood at 46.2 kt during the whole year 2015, according to WBMS.

The statistics indicate that that reported stockpiles maintained by LME were 72.2 kt lower at the end of August this year from the closing levels of 2015.

Production

World Nickel mine production was 1,355.8 kt in January-August 2016, lower by 75.1 kt when compared with the corresponding period during previous year. The ban on exports by Indonesian administration has led to reduced mine output from the country. In addition, the local mine production from the country has continued to remain extremely weak ever since the beginning of 2014.

Refined Nickel production in Jan-August ’16 was 1,183 kt. The Chinese smelter/refinery production during the initial eight-month period of the year witnessed decline of 40.6 kt compared to 2015. The total smelter/refinery production of Nickel was 152.9 kt in August 2016.

Demand

Refined Nickel consumption during Jan-August ’16 surged higher by 106 kt when matched with the previous year. Nickel smelter consumption was 152.8 kt in August this year.

The refined Nickel demand in Jan-August ’16 totaled 1,258 kt.

[jailbird] 24/10/2016 00:42

"20SMA and 8EMA have now touched "

you best explain the significance of that one....that made me laugh...

the chart is above the 50m/150/200 MAs which is trend used for longer term trends.
Infact the 25MA is still trending up too.

20SMA or below is used by is short term traders

btw I use EMAs

These are just guidelines on how the share is trending. News and fundamentals are overriding factors.

[tidy 2] 24/10/2016 00:14

Perfect pennant formed on the 3 monthly guys. Breakout coming.

[mreasygoing] 23/10/2016 14:42

Yep, chart is primed for another big move. Being AIM they'll probably shake a few more out before a decisive break.

[tidy 2] 23/10/2016 12:09

20SMA and 8EMA have now touched so expecting it to break one way or the other.