Heres a few positive pictures Macduffy though should be taken in context with who is posting them. I have added vertical green lines which I think show buy signals but would like AA or P to confirm my thoughts
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Wayne McCrae seems to be both an asset and a liability to Cudeco. He's a bit of a maverick, so gets some people offside I guess.
Haven't looked for a while, but the impression was they do lots of drilling, but seem to do little in the way of getting out some sort of resource statement.
If people are looking for a "pure" Copper play, then EQN shouldn't be ignored, as the largest ASX listed pure copper play (+ some uranium)
http://www.directbroking.co.nz/cgi-b...&ind=MACD&ra=2
Yeah Im not a day trader and cant watch my plays every day. Usually look at time frames of a week to 6 months or more. Still getting my head around the ADX since you brought it up the other day. Hadnt looked at it previously. Understand how it is used but still figuring out how it works. Am playing with it :D.
Most here know Im just an apprentice and that the charts I post are for feed back as much as anything.
I really appreciate the feed back I get from Yourself and Phaedrus. You guys have helped me to no end.
Have had some trouble finding good literature on ADX
Excellent,
Thanks for that AA
Hard to avoid the impression that the CDU SP is being supported by the share buyback but to what extent?
About 20% of yesterday's turnover were bought back by the company ( 32,000 shares). About 1.6m shares since the bb began.
Seems a bit strange to be buying back shares when the real production expense has still to be faced and finance for greenfields mining is scarce and expensive. Does anyone recall what the company's rationale for this was?
:confused:
ABY seems to have broken out to form a double bottom.
Yep seems so AMR...broken up above that important 24 cent resistance point (candlesticks) yesterday ...fingers crossed it can be confirmed and not a bulltrap.. Spot copper is in an uptrend and the ABY indicators are looking good so I feel more bullish on this share this time.
Disc: have ABY
Hi guys, been trading on KZL. It's also a copper company and have been trending up. Resistance of 65c should be re-tested again in the next couple of days. At the moment, I am not a holder.