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BKY Monthly Chart 2BKY Monthly chart Elliot wave corrective patterns and Large triangle, added Triangle base target estimate to possible breakout area Likely $2.70, currently $0.425 = 630% or 6.3 reward to risk if you are willing to keep it to $0.00 Not making money but very experienced and qualified management team developing its spanish mine, BKY has a current ratio of 31x which suggests it has large reserves circa ~$75mil as of Early 2025 suggesting it has a large reserve to convert assets into production
ASX:BKYLong
by dionvuletich
Potential key reversal top detected for WBTLevel of interest: Prior support/resistance levels in the past of $3.04 (09-Aug-2022) and $3.75 (12-Dec-2022) (key support/resistance areas to observe). Await signals for entry such as DMI/ADX and/or RSI swing to the bearish direction, and observe market reaction to support/resistance area at $3.04 to confirm. Stop loss for the trade involving ASX:WBT (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 2nd January (i.e.: any trade above $3.80).
ASX:WBTShort
by Ivory_Wolf
Santana Minerals - good project, but not a buy yetGday, I believe the project is currently under-valued as a producing asset. However, it is not producing. They just applied for a Mining Permit today. From their announcement, a minimum of 6 months until resource consent is granted, maybe a little longer for the full permit. I'm not an expert about what steps would then be required after that. Then, they would have to commence construction... so production is a little ways off (3 years maybe???). So, I expect a number of investors will lose patience if the share price declines while physical gold continues higher. Some will sell and it MAY drop down into my blue box. I will re-evaluate the project and the timing should that happen. It may not happen, it may go to the moon without me on-board. But, the market is tough on explorers and developers these days. It all seems to be about cash-flow. The gold grade seems good at >2g/ton. To some it may appear marginal, but check out Capricorn Metals on the ASX if that is how you feel. They are 3 years into production, grades LESS THAN 1g/ton of ore and they have an AUD 3.3B market cap and are netting 20% of gross income. If this project does anywhere near as well it is a screaming buy. But, I'll be waiting for lower prices simply because there are other projects out there that are (in my view) more undervalued and / or further on towards production. I was up 12% on Santana over a few months but sold and bought NTL at 0.049 two days ago... that is up 10% already.
ASX:SMI
by flyinkiwi10
1
Santana MineralsGday, I believe the project is currently under-valued as a producing asset. However, it is not producing. They just applied for a Mining Permit today. From their announcement, a minimum of 6 months until resource consent is granted, maybe a little longer for the full permit. I'm not an expert about what steps would then be required after that. Then, they would have to commence construction... so production is a little ways off. So, I expect a number of investors will lose patience if the share price declines while physical gold continues higher. Some will sell and it MAY drop down into my blue box. I will re-evaluate the project and the timing should that happen. It may not happen, it may go to the moon without me on-board. But, the market is tough on explorers and developers these days. It all seems to be about cash-flow. The gold grade seems good at >2g/ton. To some it may appear marginal, but check out Capricorn Metals on the ASX if that is how you feel. They are 3 years into production, grades LESS THAN 1g/ton of ore and they have an AUD 3.3B market cap and are netting 20% of gross income. If this project does anywhere near as well it is a screaming buy. But, I'll be waiting for lower prices simply because there are other projects out there that are (in my view) more undervalued and / or further on towards production. I was up 12% on Santana over a few months but sold and bought NTL at 0.049 two days ago... that is up 10% already.
ASX:SMI
by flyinkiwi10
Bearish potential detected for WHCEntry conditions: (i) lower share price for ASX:WHC along with swing up of the DMI indicators and swing down of the RSI indicator, and (ii) observation of market reaction at the support level at $5.55. Stop loss for the trade would be, dependent of risk tolerance: (i) above the resistance level from the open of 21st February (i.e.: above $5.80), (ii) above the resistance level from the open of 13th January (i.e.: above $5.91), or (iii) above the resistance level from the open of 30th December (i.e.: above $6.00).
ASX:WHCShort
by Ivory_Wolf
4
NAB Monthly Long term structureElliotticians, don't crucify me... I'm no expert in EW theory! But I believe we are seeing a super high level double or triple three pattern emerging in NAB Long term it appears that NAB was in a trending pattern till 2009 Currently we are in a long term corrective phase, which consists of large Flat corrections and zigzags or triangles Overall we just completed a large Flat 3-3-5 wave pattern and likely to see a fall into an ABC correction (zigzag) to start a new corrective phase or possibly create a large long term triangle What this suggests is that this is in a large ranging pattern... so trading in and selling out at long term resistances would be the smart play until such time as the longer term structure becomes clear and builds a completed base to start a trending move outside of this structure Ranging markets chew up time to create the base for the next long term trend and in this case we are likely to see the range continue until we see some completed structure Some beginners sometimes do not understand ranging markets as they are harder to understand than trends... but if you get the overall grasp of them you can differentiate the difference between a real buying opportunity that have completed ranging structures within it and a short term buying opportunity and position yourself accordingly I've posted a few on the ASX over the years and each time the moves out of these tend to be strong and persistent
ASX:NABShort
by dionvuletich
Finer Market Points: ASX Top 10 Momentum Stocks: 13 Mar 2025XETR:FRS MIL:EGN AMEX:CVR ASX:NC6 GETTEX:WOA NYSE:BNL EURONEXT:EGR LSE:SPA NYSE:BSX ASX:NSM Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Forrestania Resources Limited (FRS) Engenco Limited (EGN) Cavalier Resources Limited (CVR) Nanollose Limited (NC6) Wide Open Agriculture Limited (WOA) Blue Star Helium Limited (BNL) Ecograf Ltd (EGR) Spacetalk Limited (SPA) Blackstone Minerals Limited (BSX) North Stawell Minerals Limited (NSM)
ASX:FRS
by ch886