GUN - Gunson Resources (ASX)

Compliments www.chartchat.com.au

GUN broke resistance (purple line) and has pulled back to set up for a 'C' wave extension through the descending trend line. A break of $0.32 would project a target of $0.36 - $0.38.

DYE - Dyesol Ltd (ASX)

Compliments www.chartchat.com.au

DYE is preparing to break free of its down trend and extend a 'C' wave on a break of $0.655 projecting a target around resistance (blue line) of $0.77 - $0.82

SGX - Sino Gold (ASX)

Compliments www.chartchat.com.au

SGX is maintaining its strong rising trend. Having broken through to new highs and retraced back onto support (blue line) SGX is set to extend its rally on a break of $7.47 to a target cluster of $8.49 and perhaps higher if gold continues its price appreciation.

PSD - Psivida Limited (ASX)

Compliments www.chartchat.com.au

Our previous post for KIM achieved 10% in 2 days confirming our analysis. This is another example of a potential quick 10% gain that technical analysis can deliver. PSD has a bullish MACD and Stochastic setup and is trading above the 50 DMA trend line. A break of $0.26 would project a quick move into resistance (blue lines) of $0.29 - $0.34.

KIM - Kimberley Diamond (ASX)

Compliments www.chartchat.com.au

This chart of KIM is an example demonstrating how analysis can deliver the potential for quick 10% return. KIM has broken its descending trend line and looks poised to break the price resistance level (green line) of $0.89 for a 'C' wave extension up into resistance and 200 DMA level of $1.00 to $1.07.

PMH - Pacific Magnesium (ASX)

Compliments www.chartchat.com.au

PMH has formed a classic Pennant formation considered a bullish chart pattern. A break of the descending trend line of $0.53 would project a pattern target of around $0.78.

CRT - Consolidated Rutile (ASX)

Compliments www.chartchat.com.au

CRT has consolidated for several months (bold) developing a good platform to support a move higher. Having broken resistance and retraced gives us a good entry signal to go long on a break of $0.69 for a possible target of $0.74

HEG - Hill End FPO (ASX)

Compliments www.chartchat.net.au

HEG has developed a saucer bottom considered a strong reversal pattern. A break of the recent period of consolidation and resistance at $0.155 would project a price target range of $0.20 - $0.23.

BSG - Bolnisi Gold (ASX)

Compliments www.chartchat.com.au

BSG having broken through its ascending trend line appears to have completed its correction by trading above the recent descending trend line. BSG tends to recover strongly off the 200 DMA (illustrated by the dots) and with the MACD and Stochastic in a bullish relationship looks set to trade higher on a break of $3.04 for a possible target range of $3.75 - $4.07.

PSH - Penrice FPO (ASX)

Compliments www.chartchat.com.au

PSH is reading itself to swing high into the $2.26 - $2.49 range. With the MACD and Stochastics in a bullish relationship a break of price resistance at $2.00 should produce a solid directional move.

OEL - Ottoman Energy Lts (ASX)

Compliments www.chartchat.com.au

OEL having consolidated for 5 months in a tight range (bold) has formed a good base from which to launch a solid rally on a break of resistance at $0.215. A consistent pick up in volume suggest renewed buyer interest in this stock which should support a price rise into the $0.30 _ $0.35 range for this move.

ADN - Adelaide Resources (ASX)

Compliments www.chartchat.com.au

ADN has consolidated along price support (blue line) and the 200 DMA. With the MACD and Stochastics in a bullish relationship a swing high breaking the descending trend line can be anticipated. A descending triangle pattern such as the one illustrated is generally considered bearish. However this i believe is an example where such a pattern will fail. A trade above the $0.515 level would trigger an entry for a possible swing high target of $0.65 - $0.69.