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MLS_ METALS AUSTRALIA LTD

Chart Forum » Stocks - ASX: short term (strictly TA) » MLS_ METALS AUSTRALIA LTD

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tryhay
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Username: tryhay

Post Number: 1774
Registered: 09-2005

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Wednesday, November 29, 2017 - 08:34 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)



MLS broke through resistance today on good volume; today was time to top up IMO.
Has a good fundamental & technical story - weekly chart for any interested

mls


Happy trading DYOR


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msparks
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Username: msparks

Post Number: 2810
Registered: 10-2004

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Wednesday, December 20, 2017 - 07:56 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)



seriously Tryhay ?
volume picked up but could not buy that chart

mls







"I have my own unique system "
"I manage to lose money in bull and in bear markets "

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tryhay
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Username: tryhay

Post Number: 1781
Registered: 09-2005

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Thursday, December 21, 2017 - 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)



Good morning msparks,

I am not recommending that you buy MLS, nor am i providing investment advice by posting above.

I am suggesting the the risk in my buying MLS at the moment is quite low (on a short to medium term, 2 weeks to 3 months); given that it appears to be successfully making a higher low, many of the traditional indicators are favourable (some even with reverse divergence), and the materials being explored for have been & still are HOT stuff. Fundamentally Management has clearly stated that due diligence is currently underway on a further cobalt project opportunity in Canada & a Director has been buying up big.

The daily chart shows consolidation since April and if in fact it does break higher then I expect resistance to be tested sorely.

md

Wishing you well with your trading / investing

Edit: I guess MLS falls into the category of Bottom Pick, & yes there are tricks to trading them but they can be quite profitable, even if they don't always perform in a shorter term time frame...

(Message edited by tryhay on December 21, 2017)


Happy trading DYOR


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msparks
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Username: msparks

Post Number: 2817
Registered: 10-2004

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Friday, December 22, 2017 - 10:31 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)



what about this one tryhay
about a 10 cent stop in 75c approx a 15% stop

is this a better one than MLS ? bit more liquidity than mls

this would be a V reversal rather than a long base reversal like mls on the longer term charts

MAYNE PHARMA



"I have my own unique system "
"I manage to lose money in bull and in bear markets "

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tryhay
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Username: tryhay

Post Number: 1782
Registered: 09-2005

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Saturday, December 23, 2017 - 07:33 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)



Hi msparks,

MLS & MYX are chalk & cheese: MLS toy miner & MYX established healthcare, but still worth some consideration.

From a long term perspective MYX may have just completed a significant pull back after 10 years of stepping higher. I can not tell if this pull back is done yet, but MYX is on a weekly PSAR buy signal, & who knows if this recent loss of support is real or a breakdown? The moving averages are pointing down & price action is not above them; but I note the dramatic spikes in price previously after similar retraces.

I won't be on board MYX but wish you well with the journey.

Weekly chart: Looks set to retest previous support IMO - worth keeping your suggested stop in place anyway...

mw

Am travelling over Christmas so only intermittent internet access -


Happy trading DYOR


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tryhay
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Username: tryhay

Post Number: 1786
Registered: 09-2005

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Thursday, January 11, 2018 - 10:02 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 MLS share price up 100% in one week, on exemplary volume. Looking to retest recent highs & then resistance.

Weekly chart: is not too shabbie - FWIW the long term chart is somewhat messy, but looks positive IMO...



mw


Happy trading DYOR


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tryhay
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Username: tryhay

Post Number: 1816
Registered: 09-2005

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Tuesday, April 03, 2018 - 05:58 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)



$MLS price action is retesting that resistance on massive volume (From Post Number: 1774 above)

See ASX announcement: <https://www.asx.com.au/asxpdf/20180403/pdf/43sxj9jlxgjggx.pdf>

Resistance is likely to be sorely tested and any follow through is likely to retest higher resistance (say 3 or 4 Cents).

Weekly chart: Shows that the indicators that matter are all lining up IMO


mw







Happy trading DYOR


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tryhay
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Username: tryhay

Post Number: 1829
Registered: 09-2005

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Sunday, April 15, 2018 - 12:10 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)



Hi msparks,

One of the benefits of purchasing MLS is that 100% gain in price is quite achievable, & one is able to rinse and repeat, whereas purchasing MYX takes longer to achieve 100% gain (however dividend may be useful).

Both shares have some downside risk but the downside risk in penny-dreadfuls is limited, as discussed above: <https://forum.incrediblecharts.com/userscripts/forums/show.plx?tpc=8&post=184394> (Post Number: 1781)

Daily chart suggests $MLS top up time - looks like retesting resistance and may well exceed it later this year.


md


Happy trading DYOR

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