Potential outside week and bullish potential for AUZEntry conditions:
(i) higher share price for ASX:AUZ above the level of the potential outside week noted on 10th January (i.e.: above the level of $0.016).
Stop loss for the trade would be:
(i) below the low of the outside week on 7th January (i.e.: below $0.008), should the trade activate.
Scandium
$JRV upper channel test, target 48cJRV have been trading in channel over the past few weeks. The recent topside break was rejected and the momentum has now reset raising the probability of a second test of the upper channel boundary. Target for this move would be 25%. Upon failure a flag is likely to form increasing target. Based on this I perceive this to be a low risk entry