| Author |
Message |
     jimmyswell
Member
Username: jimmyswell
Post Number: 153
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Saturday, December 15, 2007 - 05:18 pm: |  
|
Over in the Weekly Stock Picks, my selection for the week ahead is Coal of Africa. The rationale is as follows:
CZA has developed a recent habit of ranging for a week or two following a price spike, as shown.
Such a spike occurred a week ago, accompanied by elevated volume, as shown on the chart below.
One more piece of gratuitous information - they changed their name and code on 3DEC07 from GVM Metals (GVM).
|
jimmyswell
Member
Username: jimmyswell
Post Number: 158
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Sunday, December 23, 2007 - 04:44 pm: |
|
The only events of note over the past week were:
1. The price slid down to test support at $1.80
2. 5 & 15 day MAs crossed over
3. A failed re-trace
4. Price is testing its 30-day MA
5. A director resigned on 21DEC07. Since a new finance director and company secretary were appointed a week earlier, I wouldn't read anything sinister into it.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 163
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Sunday, December 30, 2007 - 05:24 pm: |
|
This was a week of ranging after bouncing off 30 day MA.
Over the last few days, price has picked up a whisker above $1.80. Volume is minuscule.
Will post again when something worthwhile happens.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 165
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Tuesday, January 08, 2008 - 07:28 pm: |
|
It's amazing what a good write-up in the Fin Rev can do.
CZA was listed as one of the stocks to watch for 2008.
I wonder if the Fin Rev journo trawls this site?
Anyway, it spiked considerably in price and volume during a very bad day across the rest of the market.
From here on, it will retrace a bit and then range for a while. Breaking through the marked resistance line is probably the next signal of an imminent surge.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 169
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Monday, January 14, 2008 - 09:05 pm: |
|
Volume has steady higher over the past week.
That's sellers taking some profit and speculators thinking it will rise again to test the $2.10 resistance line.
If it closes below support around $1.80, then the next support line around $1.50 will be the short-term destination.
Feel free to comment if anyone out there sees something that I'm missing.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 171
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Sunday, February 03, 2008 - 04:10 pm: |
|
When CZA broke below its support at $1.80, I thought it had double-topped. Since then, volume has remained high and it enjoyed a week of rises.
So I'm predicting it will steadily rally to test the double top value of $2.10, having bounced up off its 150d MA, shown in green.
I don't hold CZA.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 177
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Wednesday, February 27, 2008 - 10:12 pm: |
|
Three weeks further on, it looks set to test its recent highs at $2.10.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 187
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Sunday, March 23, 2008 - 05:57 pm: |
|
Over the past week, CZA teased the $2.20 high but failed to close above it. It dropped on Friday but suspect it will have another go within a few weeks.
I don't hold CZA, so no ramping going on here, just TA observations.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 189
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Sunday, March 30, 2008 - 10:46 pm: |
|
Well, it's finally closed above $2.20.
So to repeat its recent history, there should be a dip down to about $2.05 then another upsurge.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 202
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Sunday, April 20, 2008 - 10:28 am: |
|
Three weeks later and we're off into the stratosphere. I guess there will be the inevitable re-trace and then it will settle back into the more sedate upchannel that it's been following since Jan.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 212
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Saturday, May 10, 2008 - 06:08 pm: |
|
Well, we've transcended the stratosphere and are now in the ionosphere.
|
jimmyswell
Member
Username: jimmyswell
Post Number: 219
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Wednesday, May 28, 2008 - 09:47 am: |
|
CZA has cracked the $4 barrier, closing at $4.23 yesterday.
Anyone looking at getting in should wait for a retrace down to the low $4 mark before the next surge.
I'll try to post a chart on the weekend.
|
strataminor
Member
Username: strataminor
Post Number: 141
Registered: 03-2007
Rating: N/A
Votes: 0
|
| | Wednesday, May 28, 2008 - 09:51 am: |
|
I agree Jimmyswell, a high wick shows potential sellers lurking about up there, and the low $4 region may be a good regroup and re-enter point..I am watching this one daily also...along with BLK
I now stop thinking, and enjoy trading!! As a man thinks so is he (Jesus Christ).
|
jimmyswell
Member
Username: jimmyswell
Post Number: 224
Registered: 07-2006Rating: N/A
Votes: 0
|
| | Sunday, June 08, 2008 - 12:47 am: |
|
CZA appears to be settling in above a $4 threshold.
|
jimmyswell |
