TPG is in a strong down trend, with no end in sight, and below 200d ma and 50d ma. Recent earnings for 2021 just haven't impressed investors along with TPG's huge market cap, and with competition in the Telco space, there needs to be something else completely out of the box to end this downtrend.
NGI has been forming a nice consolidation base from 1.50-1.60 and with steady daily accumulation is now about to break over the 50d ma. Today good buying and end of day led to 1.64. Sellers are few in the line up and this could easily end up over 1.70 in the coming week. Great fundamentals as well (P/E, Price/Sales) and dividend.
MYX recently hit a 52w high on good news and now that the dust has settled around 45c, this could be primed for another swing upward to test resistance at 50-55c. Sellers on volume seemed to have dropped off as well.
There has been buying into NMR bouncing from a base of around 30c and today closing above the 50d MA. This should at least reach director buying around 34.5 and possibly over 35c as the next major level.
TMZ has broken long term support 11c to hit 10c which is a 2-3m low. Sitting on the 200d ma now, and will test support levels around 9.5-10c. Good long-term stock, but sellers may be losing patience in having money locked up for several months. Looking to buy under 9c.
NEO has started to realise its potential as a serious contender against ETH and platforms. My long term estimate is still $200 and above, but it’s clear now that NEO has woken up or at least the market is aware of its significance.
88E is now at a key level- 22c, which is forming a base around the 50d MA. News out recently with a lack of success in finding oil is being balanced with possible future finds, and also the fact that it is a favourite stock among a number of news groups and investor groups. The drilling season for a few of its key wells is coming to a close, so this is a good time...
BD1 has been consolidating around 3.30-3.40 and has been progressing with trials. Lots of potential here and seems to have found support off the 50dma. On watch.
Argo Infrastructure closed with 2 bullish hammers and finished above the 50d ma and 200d ma. Infrastructure spending globally is set to kick off with added stimulus, and ALI will benefit from this no doubt.
Horizon has been massively undervalued over the last year, but it seems that large sellers have left the building now, and the price is being allowed to rise to its fundamental level(s) considering it is actually producing and will produce more gold, silver as time goes on. New high to 12.5c and good volume last few days.
Xanadu dropped below the consolidation pennant formation and looks to be testing support at the bottom of the news candle. This would also line up with 50d MA and serve as a good entry point for further long term up swing.
Vulcan closed on above average volume with a green breakout candle at a 2 month high. This beats the 6.50 critical level (cap raise), which has been haunting this stock for the last few months. This could be the start of another test over $7.00
Liontown Resources has been pushing on support levels for the last week or so, and today attempted to break 42.5c which is a key support area. Closing below the 50d ma today is bearish, and should this continue to test support it is likely to start basing around 40-35c.
Bluestar Helium broke out today on good volume back over 4.2c after ranging in the 3-4c frame for several months. Upcoming news is immanent, and possible granting of licenses. Positive news could send this back over 5c. Good jurisdiction and niche market.
NEO has had an excellent ride on the back of ETH and BTC climbing to all time highs. NEO still has a lot of potential for its price (under $100), and not just because it is a contender to ETH, or because it has some unique tokens built on its infrastructure. This should get to $70 pending the flag break upwards.
Recent director buys around $2.15 and now $2.50 are giving some credence to IRI for future positive growth. Having taken a beating in the last 6 months or so, it seems to have found some support, and it looks like management have taken the message that change is needed.. likely with how licensing is structured with the business. It's a good product, and a well run...
GWR has been base-lining for a number of weeks around .27-29 which was down from highs earlier in the year. Today GWR surpassed the 50d MA with strong buying interest and volume, indicating news could be coming out on further results. Strong future in the iron sector as well.
Big Tin Can rose sharply in the last few days and crossed both significant moving averages 50 and 200d. Director buying in March at lows in 80s was a good indicator of a base. Could keep moving past $1.00 as a new support now.