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TOPIC: CZA - Coal of Africa

CZA - Coal of Africa 29 Jan 2013 19:54 #1

  • Uknosferat2
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I'm not a ramper so I'm laying my cards on the table here, I am invested in this share and You should very much seek out alternate views and info before investing a penny. The articlew below has been published today and it is a worthy offering as it gives credance to my bull flag that I have allready highlighted in an earlier post. The below is not me by the way (wish i had that amount of TA knowledge) I myself have a holding here and will double the amount if and when the stock closes above 24p (confirmed breakout of the bull flag)

Updated chart

randys-charts.webs.com/apps/photos/photo?photoid=173704660

Article:

While I am described (note from Editor, by Mr Z Mir) as the U.K.'s Leading Chartist, sometimes it does not really feel like it. This is particularly the case when faced with Tom Winnifrith's aspersions regarding my writing abilities even in the wake of the number one Amazon Investing bestseller 101 Charts For Trading Success, and the latest Lessons from the markets for 2013, both of which are available here

Unfortunately despite this “notoriety” I am not mobbed in the street and there are alas no groupies associated with my chosen profession - yet.

But at least the post autumn period has delivered a certain degree of job satisfaction in terms of calling the FTSE 100 to 6300 in mid-November via a TV interview for the Investors Chronicle, as well as assorted correct calls on AIM stock goodies such as Gulfsands Petroleum (LSE: GPX), Gulf Keystone (LSE:GKP) and Leni Oil & Gas (LSE: LGO). For today's free share tip on onefreesharetip.com I am looking at Coal Of Africa (LSE: CZA), a stock identified as one to feast on towards the end of November at 13.75p as you can read here

In fact, there was one final flush out attempt before the latest sharp reversal to the upside, with that mid December bear trap underlining the great potential that seems to be on offer here. January has been dominated a consolidation by the shares in the 20p-24p range, otherwise known as a mid-move consolidation or a Bull flag. The good news is that the longer this consolidation goes on-it is already a couple weeks old, the greater the power of the breakout we should eventually see here.

On this basis here is little doubt in my mind that we are looking at what will eventually prove to be a U shaped reversal for Coal of Africa one that takes it back towards June 2012 resistance in the 45p area. You do not have to be an aggressive trader to already be buying the stock with a stop loss just below 20p on the grounds that we would like to get in early on such a substantial notional gain. Those not willing to jump the gun would wait on either an end of day close above 24p flag or even the 200 day moving average at 25p-just to be more sure.



Conclusion: Buy Coal Of Africa Up To 23p, Stop Loss Towards 19p, Target 40p Plus On A 1-2 Month Timeframe

Zak Mir is ONE OF the UK’s leading chartists and by confusing quantity of books sold with quality must assume that Louise Mensch and Jeffrey Archer are world class authors. Zak is a speaker at the UK’s premier investor conference, UK Investor Show on April 13th. The main speakers are Nigel Wray, Mark Slater, Nigel Farage MEP, Evil Knievil, Lucian Miers, Nick Leslau, David Buik and Clem Chambers. For full details of the 20 speaker all star line-up and to bag one of the (less than) 500 tickets still remaining click
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CZA - Coal of Africa 27 Jan 2013 13:20 #2

  • Uknosferat2
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Allready gone up 100% (yep you didn't read that wrong) in the last month. Its now in consolidation with a very strong support at 21p - More interesting to anyone who's into TA is the Bull flag and the high percentage that on breakout of a bull flag should lead to the same rise it has allready had in the last month. ie 100% Again do your own research but, its definatley one to watch over the next few days.

screencast.com/t/pyTzkTYp
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