JKX Oil & Gas. DTZ Holdings, Dragon Oil, Yamaha Gold

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JKX Oil & Gas - meets most criteria - not now so underbought.  Climbed smoothly enough over the day.  Closed at 2.33 would need to get to 2.40 to meet my requirement.  Usually trades above that only in last 5 days as it traded under that.  Noted also stochastic crossing and bigger than usual increase today backing that up.  Buy pressure in the queue.

DTZ Holdings - as above. No action in the queue.  Volume declined yet price increased.  Lower down the Stochastic.  Closed at £1.02 but most of that increase through the 90's at end of day - prior had been trading mid-eighties.  When price has increased has tended to be sustained.  Could therefore be bought at a number of price levels.  Price tends to undulate in a predictable fashion - today's recent price will either then continue up or be a one-off-spike.  Watch.

Dragon Oil - traded before with this share and failed to realize any profit.  Is trading under price though some sell pressure in the queue but higher than current price.  Had been trading in 150's during day only last hour or so it climbed into the sixties - might be running out of momentum.  Watch.  Buy in 150's.

Yamaha Gold - recently crossed stochastic.  Under usual price range - in fact yesterday was all time lowest point!  Low volumes - price today moved progressively upwards.  No action in queue.  First choice.  Buy up to 3.60.

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This page contains a single entry by Stuart published on October 14, 2008 8:54 PM.

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