BBI - Babcock & Brown Infrastructure (ASX)

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BBI has formed divergence and a bullish MACD /Stochastics relationship suggesting a swing high target of $1.20 on a break of $191 is now in play.

SRZ - Stellar Resources (ASX)

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SRZ has been consolidating along support (blue line) for 10 months. With the MACD and Stochastics now in a bullish relationship SRZ looks set for a good directional move on a break of $0.35 projecting a target of $0.49 - $0.60

BGD - Boulder Steel (ASX)

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BGD having been sold off heavily has rallied back to its long term descending trend line (blue) and pulled back onto the 20 DMA and 50% Fibonacci support level. With the MACD and Stochastics in a bullish relationship a break of $0.415 would project a swing high target of $0.65 - $0.74

LEG - Legend Mining (ASX)

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LEG retraced back onto the 61.8% Fibonacci and 200 DMA support and has now traded back over resistance (Green line). LEG is poised to swing high on a break of $0.074 for a possible target range of $0.105 - $0.125.

CST - Cellestis Limited - (ASX)

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CST having retraced 61.8% Fibonacci rallied and has consolidated above the descending channel. A break of $3.81 would project a swing high target of $4.49 - $4.80.

IRN - Indophil Resources (ASX)

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IRN has spent 8 months in a consolidation phase building pressure for a directional move. Having established a minor double bottom pattern (arrows), a break of descending resistance (blue line) of $0.79 would project a swing high target of $1.00.

ABB - ABB Grain Limited (ASX)

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A weekly chart shows ABB setting up for a swing high to new highs. With the MACD and Stochastics showing a bullish relationship in both the daily and weekly chart a break of $7.85 would project a target Fibonacci cluster of $8.40 - $8.72.

AUS - Auselect (ASX)

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Auselect Limited (AUS) is a recovery stock in the making with some potential power behind it. AUS has put in rising lows over the last 6 months (arrow) with significant build up in volume indicating renewed buyer interest (green arrows). Compression of the multiple moving averages (dots) suggesting a break of $1.255 is imminent and would project an initial target of around $1.39 - $1.45 meeting price resistance

FRE - Freshtel (ASX)

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FRE has consolidated in a tight range above the 200 DMA and 61.8% Fibonacci retracement level. A break of $0.71 would project a swing high target of $0.94 - $1.00.