The local market has been steadily creeping up over the past week and is yet to break out of the larger 400 point sideways range. We bought 10 ASX200 cfd’s ahead of a potential breakout after a small ABC type pattern. The bigger range down today may form another higher low. Time will tell and we have our stops in place.

narrabri-pharmacy-leaderboard2

The price of gold has also been stuck in a sideways funk. The upcoming US Federal Reserve decision on interest rates could send markets in a more defined direction.

Gold miner Perseus looks to have moved out of the sideways funk for the moment, will it continue up?

Silverlake has also just moved above some sideways action after a two month decline and we bought a small parcel today. Cimic which is in a totally different industry has a similar pattern and could also be setting up for a trade.

Well trending stock EML Payments has again retraced some of the recent gains in what appears to be a temporary dip. We will add some to the educational portfolio should price break yesterday’s high.

Raiz Invest looks to have found support and with the continuing business growth could well be one for a longer-term investment. We will be looking to add some to the educational portfolio.

Lithium stocks have been on the nose for a while and Orocobre looks to be forming a “W” type bottom pattern and we will be keeping an eye on this over the next few days.

One of our current holdings IPH has fallen down close to a possible support zone.

Aristocrat Leisure also looks to have broken free of recent congestion with a target of around $36 should the move be of an equal range of the consolidation.

Table

Security

Units bought (sold)

Date

Open price/

From last table

Current/close

$ gain/loss

buy CSL

3/12/18 $183

c/f 9/1 at $192.31

Bought 15 at $192.31

9/1/2019

$250.75

$256.86

+$91.65

Bought Westgold

Bought 1,000 at $1.03

7/2/2019

$2.01

$2.21

+$200.00

 

Bought Cooper Energy

Bought 5,000 at 53

18/4/2018

56.5c

57c

+$25.00

Bought Qube

 

Bought 1,000 at $3.04

26/6/2019

$3.25

$3.30

+$50.00

Bought Ecofibre

Bought 1,000 at $2.80

18/7/2019

$3.29

$3.16

-$130.00

Bought Western Areas

Bought 800 at

$2.26

8/8/2019

$3.12

$3.41

 

+$232.00

Bought IPH

 

Bought 400 at $8.55

19/8/2019

$8.00

$8.10

+$40.00

Bought Capitol Health

Bought 10,000 at 24c

28/8/2019

24.5c

24 c

-$50.00

Bought NextDC

 

Bought 400 at $6.55

28/8/2019

$6.34

$6.44

+$40.00

Buy Reliance Worldwide

Bought 800 at $3.70

28/8/2019

$4.25

$4.17

-$64.00

Bought Eclipse

 

Bought 1,500 at $1.55

4/9/2019

$1.67

$1.66

-$15.00

Buy Lifestyle

Communities

Bought 300 at $7.20

4/9/2019

$7.95

$8.09

+$42.00

​​ Whitehaven Coal

Bought 800 at $3.50

11/9/2019

$3.28

$3.44

+$128.00

Bought Santos

 

Bought 350 at $7.80

16/9/2019

$7.77

$8.19

+$147.00

Bought Kogan

 

Bought 500 at $6.25

25/9/2019

$6.97

Sold 250 23/10 at $7.20/

250 left at $6.82

+$27.50

Bought Money3

 

Bought 1,200 at $2.25

25/9/2019

$2.22

Sold 28/10 at $2.10

-$174.00

Buy Wagners

Bought 1,500 at​​ 

$1.75

16/10/2019

$1.81

$1.79

-$30.00

Buy Australian Pharmaceutical

Bought 2,000 at $1.45

23/10/2019

$1.45

Sold 28/10 at $1.36

-$210.00

Buy Technology One

Bought 400 at $7.45

24/10/2019

$7.45

$7.52

+$28.00

Buy ASX 200

Cfd’s

Bought 10 at 6,700

24/10/2019

6,700

6,745

+$450.00

 

 

 

Start ​​ 7/1/19 $50,000.00

Open balance

$71,249.35

 

$71,249.35

 

 

 

 

Gains/losses week

+$828.15

 

+$828.15

 

 

 

Current total

$72,077.50

 

$72,077.50

Brokerage at

$30 per round turn added when sold.

 

 

Less buy/ close prices and Margin

$52,858.40

 

$52,858.40

Prices ​​ from​​ 

Tuesday’s close or 6am for US

 

 

Cash available

$19,219.10

 

$19,219.10

 

 

 

Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.

Monitor, measure, manage and maximise… Cheers Charlie.