Tomorrow&#039;s trading shares, today

Originally posted by Shares In Play ↑

The AU market up 0.72% helps trading prospects.

The stand out shares from today’s trading, are the Share In Play for tomorrow :

BELLAMY'S AUSTRALIA LIMITED [BAL] – possible evening star formation, bearish
BOOM LOGISTICS LIMITED [BOL] – decent volume in congestion zone. Check sister support for canaries in the coal mine. BOL has strong price leverage to sisters rallying.
COCHLEAR LIMITED [COH] – large ranges today, great for day traders with large, solid intra-day trends
GWA GROUP LIMITED [GWA] – strong candle, possible Cup and Handle Break out (odd cup) or complex Head and Shoulders Bottom break out.
IMDEX LIMITED [IMD] – failed break out could extend to reasonable intra-day movements
JUMBO INTERACTIVE LIMITED [JIN] – break out from base at new highs, traded with strong volume and strong candle. Promising signs.
MACMAHON HOLDINGS LIMITED [MAH] – rising star and a pop off the 200DMA, all with a volume spike One to watch.
SRG LIMITED [SRG] - Volume has been increasing while the share price has been in a tighter range. Possible accumulation here.
WESTERN AREAS LIMITED [WSA] – candle closed over half mast, strong rally, huge volume spike. Trading from tight base on support line and 50DMA. Viable trading share.

Expand

The AU market gave up yesterday’s gains, -0.73%.

Strong companies are much easier to stand out today.

The stand out shares from today’s trading, are the Share In Play for tomorrow :

APOLLO TOURISM & LEISURE LTD [ATL] – Large volume spike with candle closing half-mast.

SRG LIMITED [SRG] – strong candle, slightly above volume.

CYNATA THERAPEUTICS LIMITED [CYP] – High and Tight Flag (HTF) break-out continues for 100% gain of previous flag pole. Probability is much higher for profit target of 75% of the flag pole. Heed caution as this is the after the second HTF in this rally. The third formation is often volatile and rarely carries through after break out.

GOLD ROAD RESOURCES LIMITED [GOR] – signalled a break out on 9 March and is slowly advancing

AUSDRILL LIMITED [ASL] – Keeps bouncing off 50DMA. Possible short term channel trading

IMDEX LIMITED [IMD] – gapped on open, took pressure throughout the day, but shrugged it off for a close at gapped-open price. All promising movements given proximity to 52wh and overall market context today.

Tomorrow's trading shares, today, page-2

Featured News

Featured News