The recent move higher with Gold and the basing-style activity with Oil had me checking some mining and resource related Aussie stocks over the w/e. Posted below are some charts that I will be watching for any recovery and /or breakout activity, especially if the recovery effort with Gold continues.
SBM monthly: St Barbara: this is looking like a bullish breakout has already started:
SLR weekly: Silver Lake Resources: a hold above 0.25 cents would be supportive:
BHP monthly: BHP Biliton: watching for any monthly reversal candle here:
EVN weekly: Evolution Mining: looking like a bullish breakout has started here too:
FMG weekly: Fortescue Metals Group: any close and hold back above $2 would be supportive:
COF weekly: Coffey International: any recovery here might be productive:
ILU weekly: Iluka Resources: looking bullish with the descending wedge. Watch for any trend line breakout:
MND weekly: Monadelphous Group Limited: watching for any hold above $6 and, if so, then any bear trend line breakout:
MGX weekly: Mount Gibson Iron: watching the trend lines here too:
PNA weekly: PanAust: ditto here:
RSG monthly: Resolute Mining: the previous highs are what appeal here:
WSA monthly: Western Areas: watching for any trend line breakout here:
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