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ACS - any opinions?

Chart Forum » Stocks - ASX: short term (strictly TA) » ACS - any opinions?

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jezzcb
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Username: jezzcb

Post Number: 58
Registered: 08-2004

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Saturday, November 10, 2007 - 02:11 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Just interested in some opinions on this ascending triangle. What other indicators would you use to help determine the value of this particular triangle?
I have only drawn the basic trend lines on this pic. The support line was broken a couple of times on the way up. What would that mean to you?

Also, which resistance line (if either) do you think is more valid, line A or B?



Any views on this chart would be great, thanks.

Jezz


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jezzcb
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Username: jezzcb

Post Number: 59
Registered: 08-2004

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Wednesday, November 14, 2007 - 11:01 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well, anyway, it did what I expected it to do. My system told me to enter early at 22.5 cents and sell at 27 cents to take just over 20% profit.


(Message edited by jezzcb on November 14, 2007)


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tryhay
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Username: tryhay

Post Number: 1022
Registered: 09-2005

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Tuesday, April 22, 2008 - 11:09 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well done jezzcb. (better late than never I guess)

ACS came up on a scan and looks to have plenty of herbs behind it. Has been through consolidation since you took profit but seems to have momentum behind it for another push higher.

Ramp:
Accent Resources NL (Accent) was incorporated on 18 February 2005 (primarialy Gold and iron ore exploration). The Company was incorporated for the express purpose of acquiring the gold and base metal tenements held by Tantalum Australia NL (TANL), raising capital and seeking admission to the Official List of ASX. Currently ACS has four projects underway.

Accent has entered into a Resource Acquisition Agreement and Option with TANL whereby it will purchase the gold and mineral tenements and interests from TANL for a consideration of $1,000,000 cash and the issue of 7,500,000 Shares in the Company. TANL has previously spent in excess of $3.2 million in acquiring and exploring the tenements under the various projects that are being acquired by Accent.

This historical work provides Accent with an extensive database, predominately digitised from which to plan its proposed exploration program. If you must know more then visit: <http://www.accentresources.com.au/>


Boring details:
* Market Capitalisation 34,335,507
* 52 Week Low 0.1050 ~ 52 Week High 0.3850 (Still has momentum behind it
* First Listed: 26 Aug 2005
* Four recent price sensitive company announcements: http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=&asxCode=acs:

Chart: breakout with volume would be nice

acs

Buy order sitting there waiting to be filled







Happy trading DYOR

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ohkoolnutz
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Username: ohkoolnutz

Post Number: 740
Registered: 10-2005

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Tuesday, April 22, 2008 - 07:08 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)






---
ohk

Lies, Damn Lies and Technical Analysis

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