Portfolio Update for Week Ending 26th June, 2015

Summary

Another pretty slow week on the face of it. Looking at the summary table below you’d think I’d be pretty happy with DUO’s “whopping” 100% rise – all that happened was some unsuspecting punter decided to throw some pocket change into the 0.2c sell stack (yes it’s currently trading at one fifth of a cent…). Still no change there and I couldn’t sell my shares for 0.2c as there is still a massive “iceberg” of sells at 0.2c.

CYY continued to show significant strength this week and a number of beaten down resource specs are showing signs of accumulation. Plenty are showing up on my scans and I have a few more that I wish I could add to my portfolio if I had the funds free.

The rest of my stocks continue to trade within their recent ranges.

A few chart updates below:

AJX

AJX bounced off resistance this week but the short term rising trend line is intact. This coming week will be telling and a bounce off the trend line should indicate another test of the 70c resistance level. We will need to see some volume come in to crack that level. If it breaks, we should see a run to the upper 70c – 80c level where the real test of the all time high comes into play.

Rising daily Twiggs Money Flow suggests short term buying pressure. A cross above zero, followed by a retest of the 0% line would be very bullish.

AJX Candlestick Chart 26/06/15

Daily AJX Candlestick chart as at 26th June, 2015

AQD

A pretty quiet week for AQD – it stuck to the script by staying above both the short and mid term rising trend lines. Volume has been non-existent and sideways action will likely continue until we see some volume come back to the party.

The weekly gave me my most bullish signal, with strongly rising Twiggs Money Flow indicating the stock is being accumulated. A break and re-test of the 0% line we be very bullish.

AQD Candlestick Chart

Daily AQD Candlestick chart as at 26th June, 2015

AQD - Weekly

Weekly AQD Candlestick chart as at 26th June, 2015

CYY

CYY continues to show strength – consolidating from its recent breakout above the resistance from January’s run. Long lower tails on the daily candles and successful retesting of the 0% line on Twiggs Money Flow suggests things are looking very bullish.

I’d expect the stock to trade between the recent breakout level (3.1c) and it’s recent high (4.5c) until some form of fundamental news is released. The next piece of news I’m expecting is the release of the geophysics results and this could well provide the impetus for the next move.

CYY candlestick Chart

Daily CYY Candlestick chart as at 26th June, 2015

RVR

RVR is another resource stock showing strong signs of accumulation, particularly short term as shown on the daily. There is currently strong bullish divergence between price action and Twiggs Money Flow suggesting a short term reversal is a strong possibility. I will be looking to see if price respects the lower rising trend line.

The weekly chart offers a slightly different outlook, and if we don’t see a bounce off the short term trend line, we are likely to retest that long term rising trend line, probably down at about $0.155. Weekly Twiggs Money Flow has been respecting the 0% line so far, but has been flat for some time. I will be watching this closely.

RVR candlestick chart

Daily RVR candlestick chart as at 26th June, 2015

Weekly RVR candlestick Chart

Weekly RVR Candlestick chart as at 26th June, 2015

Have a good week all.

Regards,

The Nude Investor.

End of Week Portfolio Summary 19/06/15

Stock Average Buy In ($) Weekly Close ($) Last Weeks Close ($) Weekly Change Overall Change (%)
AJX 0.473 0.670 0.670 0% +42%
AQD 0.022 0.024 0.023 +4% +9%
AZK 0.089 0.140 0.140 0% +57%
CL8O 0.011 0.013 0.013 0% +17%
CYY 0.025 0.041 0.032 +28% +67%
CZN 0.009 0.006 0.007 -14% -33%
DUO 0.005 0.001 0.001 +100% -60%
LWP 0.006 0.011 0.013 -15% +83%
RVR 0.186 0.165 0.170 -3% -11%