JTrader Daily: Best set ups for Friday 11th April 2025!
BOE, GHM, REH, SOL, SX2
Share trading made simple
Rule #1: Buy shares that are going up!
RULE #2: See RULE #1
Boss Energy (BOE)
Golden Horse Mining (GHM)
Reece (REH)
Sol Pats (SOL)
Southern Cross Consolidated (SX2)
BOE - had to put a uranium name in today as the whole space has bounced and since they’ve all been smashed the risk has been reduced. Chose BOE as its in production but hasn’t been in the headlines for the wrong reasons like PDN
GHM - impressive drill results is what caused this move higher on volume. Is only around $40M mcap, which is the lower end of what I like to trade but all reads well, company has cash and lots of results coming up
REH - trying to pick a bottom here so I might end up with a you know what. Good support at $16 so easy to manage downside risk
SOL - good break out on volume on this blue chip, does trend well when on the move, so look for any intraday dips to buy as this thing rerates
SX2 - more of a fundamental pick as I watched a recent presentation from the CEO. So been waiting for some consolidation and here it is. Should head back to recent highs and beyond over the coming weeks
Plenty of gold names that have broken out to new highs - especially in the larger end. Remember that these companies have more free cash flow than the tech sector, so even if Gold just stays at $3000 USD, there is a chance they keep playing catch up to spot
Massive volatility again as the US had a record bounce overnight that saw the Nasdaq cash up 12%. SPI opened near the highs but this was met with selling and sent the SPI about 150 points lower which is roughly where it closed. It was still a massive up day on the cash and this move hasnt been seen since 2020. SPI has fallen further as I type, so the relief rally doesn’t seem to have legs and looks like we’ll still bounce around. I do think this weeks low will hold for a while and the highs in Feb wont be touched again this year, so play the wide ranges. As I noted on Ausbiz today, this is a traders market