ASX Share Market Commentary

Each Day we Provide ASX Shares Commentary and Analsysis , Views on ASX Company shares.

Investors and Traders alike will gain insight on both a fundamental and technical level, providing a multi level approach to short term and mid term price predictions and expectations.

We are not a market advisory service, think of us more of a companion to current events , to keep you up to day of core events going on locally and offshore.
The main theme of our anaylis surrounds the top 500 shares on the local ASX, and we will do our best to keep you up to date with recent technical price events, fundamental news , major movers and shakers, and of course, a broad overall market view/summary.

HRR – Heron Resources Shares Trading Under Cash Value

There would have to be a strong revival of interest in nickel laterites to get Heron shares back over $1.00 – It may well happen one day but not in the immediate future. In the meantime the shares are ridiculously undervalued by the market. At 31 March the company had just over $61M in cash, 253M shares on issue; cash per share of over 24cents. With shares changing hands today at 18.5 cents you would have to conclude that the market considers all Heron’s non cash assets to be worth negative 5.5cents per share! Even with expenditure of $4.5M this quarter to advance Heron’s A1 gold mine and other exploration projects there will be in excess of 22cents per share in cash by 30th June!

Eastern Star Gas (ESG) shares looking strong

Eastern Star Gas (ESG) shares looking strong

As an update to our last commentary regarding ESG we are noting the stock has broken through resistance near 0.82 cents and pushed up past the $1.00 mark. Previous ESG shares commentary.

Investors and traders…

Buy PRU Perseus Shares ? Chart Looks Hot.

PRU – Perseus shares look to be a buy on a break of $2.00 short term resistance.

We see the chart in a prevailing long term up trend, with prices about to break atop the recent swing

high at $2.00.

Buy Eastern Star Gas (ESG) -Shares About To Break out?

Buy Eastern Star Gas (ESG) -Shares About To Break out to higher levels? Recent activity in the sector pushes ESG higher. Technical break above prior down trend containment line, now a new swing high atop 82 resistance would completley change the trend to bullish. Eastern Star Gas shares are a buy.

Cochlear, COH Shares Look A Buy – New Up trend on chart.

COH is a quality blue chip stock in the Bio Sector which has been heating up lately, just take a look at CSL shares,
up significantly over the past few weeks

Buy Car Sales (CRZ) Shares- Upside after IPO

CRZ Car Sales Share Look to drive higher. CRZ (Car Sales Shares) recently listed and has rallied tremendously since that time, peaking and then stalling only for
a short time, before commencing a new swing higher in recent weeks.