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Trade Trends with Bollonger Bands and Twiggs Money Flow

DRM_DORAY MINERALS LIMITED

Chart Forum » Stocks - ASX: short term (strictly TA) » DRM_DORAY MINERALS LIMITED

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tryhay
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Post Number: 1777
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Thursday, December 14, 2017 - 05:48 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)



DRM looks to have made a double bottom @ close to an all time low (14.7 cents in 2010). It doesn't meet my normal framework for a buy in, but several indicators on the daily & weekly time frame look set & just quietly I wouldn't be surprised if gold has made a bottom around here too.

Daily chart: On a PSAR buy signal & looks to be worth a top up here.

d


Happy trading DYOR


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msparks
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Wednesday, December 20, 2017 - 08:21 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)










"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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Thursday, January 11, 2018 - 01:51 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)



DRM Daily chart shows price action has achieved resistance & looks to be flagging out; maybe before it pops higher soonish...

dd


Happy trading DYOR


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tryhay
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Thursday, January 11, 2018 - 02:02 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)



Missed the edit time but the weekly DRM chart is a picture IMO!


dw


Happy trading DYOR


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dydavo
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Thursday, January 11, 2018 - 03:00 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)



Yep, agreed. I buy today at 0.256.

Also picked up a couple of other "white metal" stocks.

Cheers






David
Momentum trading for a living.

Disclaimer: Please note that comments made in this column are mainly for the interpretation of charts in technical analysis. It should not be taken as advice.Any share discussion is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Shares might be sold without notice. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Friday, January 12, 2018 - 04:47 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)



Hang onto your hat dydavo; FWIW this looks like a DRM swing move is on here IMO.

Weekly chart:

dw


Happy trading DYOR


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tryhay
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Thursday, February 15, 2018 - 01:30 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)



Well dydavo, price action has broken from All Time Lows (with increasing volume ATM) and looks to be in stage 2 territory IMO.

Daily chart: Broken from flag pattern with attractive target in view; Nice fundamental news patter...

dd

Weekly chart: Looks to have decisively broken from stage 1 on nacient increasing volume - nice production data IMO...

dw


Happy trading DYOR


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spdfgh
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Tuesday, March 27, 2018 - 09:14 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)



DRM just pinged an entry on my chart setup.




Just another potato.

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tryhay
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Monday, April 02, 2018 - 10:21 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)



FWIW looks like top up time for next swing higher IMO.

Weekly $DRM chart: Pattern looks complete as DRM was unable to make an All Time Low recently. Can not argue with accumulation volume & establishment of msparks higher low - Would not be surprised if resistance was given a workout later this year...

dw

(Message edited by tryhay on April 02, 2018)


Happy trading DYOR


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spdfgh
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Saturday, April 14, 2018 - 01:31 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)



Not a good sign, thought it would bounce...


(Message edited by spdfgh on April 14, 2018)


Just another potato.

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tryhay
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Saturday, April 14, 2018 - 02:46 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)



No cause for alarm yet spdfgh IMO: though I would not wish to see horizontal support taken out.

With these weekend middle east activities I wouldn't be surprised if this is a shakeout before the pop (given the expected flight to Gold safety).

Daily chart: Looks Cocked for action stations around here...

dd


Happy trading DYOR


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spdfgh
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Saturday, April 14, 2018 - 04:40 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)



'flight to gold' I was expecting but nothing explains the flight to the Energy sector (oiler and gaser's) that have been on the rise lately, that came out of left field.
I'm struggling to understand this beyond the Energy sector being sold off for years now, an 'out of fashion' sector.
QTM, 88E, COE doing well.
I won't be lured into accumulating any oiler or gasser stocks unless one or two represent a low risk and very short term trade.

BTW thanks for your chart analysis.
And i might add if a was in this stock my exit would have seen me clear on the 06.04.18 when the DSS turned down and other indicators pipped alerts, so would now be looking for an entry zone.


(Message edited by spdfgh on April 14, 2018)


Just another potato.

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tryhay
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Tuesday, April 17, 2018 - 08:41 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)



Expecting a bounce today on positive results from Di Vinci results

dd

I also have wondered about oil and the future legacy energy issues (must lead to wealth destruction one day)...


Happy trading DYOR


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spdfgh
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Tuesday, April 17, 2018 - 01:56 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)



https://www.marketindex.com.au/asx/drm#

Yes funny thing the stock market, any other stock would have seen double digit increases based on these results. It appears anything over 1.2g/t is suspect?

(1HR) Chart looks like it took a sleeping tablet or two.
RSI (middle panel, yellow line) and Close shows no sign of upwardness...




Just another potato.

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tryhay
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Saturday, April 21, 2018 - 11:06 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 the price action this week looks more like a shakeout than a trend reversal: Most indicators that matter are positive on a daily & weekly basis.

Weekly chart: The ascending triangle is still in tact (on a closing basis) & price action looks to have confirmed entering Stage 2.

dw

msparks are you still watching this (from Post Number: 2815)

(Message edited by tryhay on April 21, 2018)


Happy trading DYOR


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tryhay
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Thursday, May 10, 2018 - 04:51 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)



$DRM's price action & volume are spiking today.

The weekly & daily charts look to be set up for action IMO.

dd


Happy trading DYOR


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spdfgh
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Monday, May 14, 2018 - 06:15 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)



DRM is looking good,
although think it's due for a retracement due to reducing volume and upper trend line level.
Nice percentage gain if you managed to pick the low to high trade. Who said short term trading is not worth pursuing?

DRM is tracking within the upward angled trend lines. I like that the VRMA (variable Moving Average) is a good fit with short VRMA well tested above long VRMA, just that the RSI is making a lower low but all other longer term (lagging) indicators are green on green:




Just another potato.

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spdfgh
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Long Term DRM is not there yet, Monthly chart indicates long term overhead resistance & short term trading territory, in fact DRM could be considered to be in downtrend.










Just another potato.

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tryhay
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Sunday, May 20, 2018 - 08:26 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 spdfgh,

As suggested in the first post in this thread "DRM looks to have made a double bottom @ close to an all time low (14.7 cents in 2010). It doesn't meet my normal framework for a buy in, but several indicators on the daily & weekly time frame look set & just quietly I wouldn't be surprised if gold has made a bottom around here too".

Hence I agree that some longer term indicators have not yet turned positive, so support & resistance along with some shorter term charts allowed an entry here. Successful trading is all about picking the time frame that suits one IMO, or if one must picking those setups that suit!

I expect that price action will swing higher, but it may well return to the 'Stage 1 base' - but this bounce has been well worth playing (now with a tightish stop) ...

dw

(Message edited by tryhay on May 20, 2018)


Happy trading DYOR

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