TRY - Troy Resources (ASX)

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TRY is setting up for a buy with compression of multiple moving averages and a period of consolidation after a solid rally. A break of resistance at $2.81 would project a target zone of $3.30 - $3.48.

ITE - I.T & E Limited (ASX)

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ITE weekly chart shows a saucer bottom has formed and has met resistance (blue line). With ITE in a strong uptrend a break of $0.20 and resistance would project a swing high target of $0.27 - $0.30.

AGC - Agincourt Resourses (ASX)

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AGC after a strong recovery rally has consolidated for 2 months (bold) setting up a good platform to support a swing equality leg into resistance at the $1.79 - $1.92 level. Convergence of multiple moving averages suggest a strong move is imminent on a break of $1.48.

PPC - Peet FPO (ASX)

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PPC has broken its descending trend line and when coupled with convergence of multiple moving averages a strong directional move is imminent. The most likely direction is up on a break of $4.03 for a possible target of $4.83 - $5.10.

AIE - A.I. Ltd (ASX)

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AIE is poised to break its descending trend line after trading sideways for almost 10 months. Compression of multiple moving averages (dot) and a bullish MACD /Stochastic relationship suggest that on a break of $0.39 AIE has the potential to trade up to our projected target range of $0.55 - $0.70.

RHT - Resonance Health (ASX)

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RHT is a penny stock that looks to be about to recover some of its losses. After 7 months of tight consolidation (bold) RHT has formed a base from which to launch a rally. A break of $0.029 could support a rally up to resistance of between $0.05 and $0.08

RSG - Resolute Mining (ASX)

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RSG has formed an ascending triangle considered a bullish chart pattern. With metals looking like they may have completed their correction RSG on a break of $1.78 projects a target of $2.20 - $2.50.

SRX - Sirtex Medical (ASX)

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Sirtex Medical (SRX) is forming a cup and handle pattern of a much larger weekly chart cup and handle. This pattern is generally considered a bullish indicator. SRX has rallied after a period of consolidation up to its neckline of $3.25 and has retraced 50% Fibonacci of that move back onto support. With SRX now looking to trade above its short term resistance (blue line) a break of $2.91 would project a target zone of $4.00 - $4.50 and resistance. The calculated target is a cluster of the cup and handle pattern projection, made by flipping the cup on its neckline axis, and the swing equality measurement of the AB wave to give the C target zone.

PPK - Plaspak Group (ASX)

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PPK is a stock preparing to recover from 5 years of steady selling. PPK has finally broken its long term descending trend line and has consolidated above the 200 DMA, a bullish sign. Couple this with rising lows, 7 months of tight consolidating and a spike in trading activity the scene has been set for a strong rally on a break of $0.785 for an initial target of $0.88 - $0.92 and resistance.

AEO - Austero Group Ltd (ASX)

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AEO after a strong rally has retraced back onto support (blue line) and closed above its descending trend line correcetion. A break of the minor price resistance of $2.21 would project a swing high move of $2.47 - $2.63

CIY - City Pacific (ASX)

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CIY has traded back down onto its ascending trend line and consolidated for 2 months (Bold). A break of the $4.56 resistance level would project a swing high of $6.00 - $7.00. A close below the ascending trendline would be considered very bearish for CIY but this is the less likely scenario, particularly as the ASX 200 appears to be completing its correction and preparing to continue its upward trend to our long term and 5th wave target of 6000.