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Herd On The Terrace Editorial

START 2009 WITH A DOUBLE!

Friday 2nd January 2009

Cape Lambert Iron - ASX Code: CFE
Last traded 23¢.

 

Early December 2008 has seen CFE print some interesting price action. It appears to have bottomed out and is on the brink of giving a very strong buy signal…..if it can get through 26¢

 

There is rock solid support located around the 17-18¢ area. A break of 26¢ will confirm an uptrend. This will print a higher high and a higher low on the chart.

 

The moving averages infact gave a long signal at 20¢.
In my charting opinion one could buy this around current levels with a stop located at 17¢

 


 

International Goldfields - ASX Code: IGC
UPDATE 03-01-2009 - TRADING HALT ANNOUNCED TO HERALD IN GOOD NEWS!!!
ALL HAIL THE SAGE.

Last traded 30.5c

 

IGC has declined from 55¢ in August to a low of 11¢ in late October.

 

There is major support located around the 20c area.

 

The moving averages in mid December gave a buy signal at 25c and are continuing to track upwards. Slightly move volume is starting to creep in.

 

The medium term down trend is clearly broken.

 

Any pullbacks should be BOUGHT going forward.

 

In my charting opinion the chart is BULLISH.
Initial suggested Stop area would be around 24c

 

 

Buy One Book and Get The Second FREE!

The time now is Wed Jan 07, 2009 2:34 am
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Listed CASH Boxes

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