Chart Watch 2007-02-24

Added yesterday as an opportunity, CFX reached an intraday high of $2.50. Our stop has been moved one cent higher to $2.40.

Charter Hall - CHC



CHC has been very active over the past couple of days after the release of the first half results which were very encouraging. NPBT increased from $7.8m (1H FY 06) to $16.7m (1H FY 07). A complete list of key activity is outlined in their interim results presentation. Our Stop loss has been moved up to $2.44.

Conquest Miming Limited - CQT



After retracing back to our stop loss of $0.79, CQT has had a couple of higher days moving our stop loss up slightly to $0.795. Long term group still has good separation, and the short term looks to be turning up.

Everest Babcock and Brown Alternative - EBI



Looking very strong, EBI made an intraday high of $5.23 yesterday. Our stop loss has been moved up to $4.95. Separation between the long and short term groups is a nice consistent uptrend with little fluctuations.

Eastern Star Gas - ESG



ESG has been looking weak for the past week and has now closed below our stop loss. The short term and long term groups both are not displaying up-trending characteristics and an exit should be made on Monday. A fund raising was announced during the week at $0.275, which coincided with our stop loss.

Industrea - IDL


CFS Retail Property Trust - CFX

The stop loss for IDL has been moved up to $0.37. IDL's half yearly report was released during the week with the key stats being "Net profit Before Tax up $7.4 million for six months to December 2006" and "Upgraded full year earnings guidance by $2.6 million to $14.9 Million". A lot is happening at IDL and I see further potential in this companies share price.

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Chart Watch 2007-02-15

Industrea – IDL



Industrea stop again has been moved, now at $0.335. A close yesterday of $0.365 and and intra-day high of $0.375.

Bluglass Limited (BLG)



Bluglass closed below our stop loss of $0.545 at $0.54 yesterday. The trend is looking week and an exit should be made tomorrow. It looked like support was going to hold at $0.55, but the I'm not confident the short term group will respond favorably .

Charter Hall – CHC



We decided to stay in CHC, even though the stop loss was broken last week. The trend wasn't weak enough to exit. Looks like there is short term resistance at $2.50 and a close above will be encouraging. Stop Loss remains at $2.42.

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Landed in Miami

Well I've landed in Miami and unfortunately my luggage is still in Sydney. 8th trip in USA, 4th time my luggage didn't make it all the way with me. Hopefully it arrives tomorrow.

We had some good moves in some our opportunities.

Industrea – IDL
Closed at $0.335, with an intra-day high of $0.345 reached past two days. Stop has been moved up to $0.31

Eastern Star – ESG
Closed at $0.335 with an intra-day high of $0.35. Stop stays at $0.275.

Charter Hall – CHC
CHC closed below our stop loss on the 31st. Trend still looks in tact with the guppy MMA and I'm inclined to watch this one over the next couple of days instead of enforcing the stop.

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Chart Watch 2007-01-23

Couple of good days with the ASX opportunities and we have some stops moving up based on our count back line.

AUSTIN EXPLORATION LIMITED - AKK



Closed at $1.015, up from $0.88 at recommendation. Count back line moved up to $0.85 from $0.79.

Industrea – IDL



Bounced nicely from the long term group, and stayed above out stop loss of $0.305. Current close at $0.325, but still below the $0.33 recommendation.

Eastern Star – ESG



Uptrend looks intact, stop loss still at $0.275, current close at $0.295

Charter Hall – CHC



This one keeps moving up. Stop loss has been moved up to $2.39, current close at $2.50

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Mid January Review

MarketNinja has been up and running for around half a month so far. I thought it would be a good time to discuss some of the opportunities I have alerted readers to, and the dismal performance so far. I was alays nervous of this when starting this blog, hopefully this will turn around.

Charter Hall (CHC)
Added $2.25, stop $2.17
Current $2.40, stop @2.23
Made a good move on the 12th but has reached resistance at $2.40. Trend still looks string. Stop hasn’t moves into positive territory yet.

Eastern Star Gas (ESG)
Added $0.32, stop $0.275
Current $0.295, stop $0.275
Short term trend looked like it was broken and an intraday low of $0.25 was reached on the 11th. The short term group has since bounced off the long term group and has yet closed below our stop loss. Long term trend line still intact.

Industrea (IDL)
Added $0.33, stop $0.305
Current $0.34, stop $0.305
Has reached resistance at $0.34,

Riversdale Minerals (RIV)
Added $2.20, stop $2.07
Current $2.05
Closed at $2.00 on the 11th below our stop loss.

Sunland Group (SDG)
Added $3.66, stop $3.53
Current $3.83
Closed at $3.41on the 8th below our stop loss. Trend has since been restored providing another entry into the stock.

Envirozel (EVZ)
Added $0.41, stop $0.385
Current $0.38
Closed below our stop on the 17th.

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Chart Watch 2007-01-04

Charter Hall (CHC)
This is the first post about CHC (close $2.25)
Count Back Line = $2.17



Easter Star Gas (ESG)
This is the first post about ESG (close $0.32)
Count Back Line = $0.275



Riversdale Min (RIV)
This is the first post about RIV (close $2.20)
Count Back Line = $2.07



Sunland Group (SDG)
This is the first post about SDG (close $3.66)
Count Back Line = $3.53

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