1. Most Discussed
  2. Gainers & Losers

two stocks to watch..great charts.....opinions???

  1. eddievanhalen

    1,200 Posts.

    Two stocks rarely mentioned here that have great looking charts (yes I have bought some and am at a small loss on both currently) are SEN (Senetas) and PSA (Petsec).........partucularly PSA. They have everything I look for in a turnaround breakout.......good symmetrical base with clear resistance line ,volume spike and strong break of resistance. When you buy following the break as I do you run the risk of a pullback before the uptrend (hopefully) kicks off......and that's where these two seem to be.

    These two companies have little in the way of fundamental info around the traps.........SEN takes strategic positions in a number of high tech businesses and PSA is an ex oil explorer who after a restructure seems to be living off its old leases and taking shares in the drilling on theses leases.

    I would be interested if anyone has a more in depth understanding of the fundamental prospects for either of these companies. Good propsects always makes me feel better even though a small % of my trades are done on technicals alone (often gets you in before the fundamentals become apparent). Thanks in advance.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.