The local market is up today and is close to breaking through to a fresh high and out of the sideways range. The index has been making higher lows along the way.
The price of gold has been moving up slowly from the spike low which coincided with the 50 per cent retracement level.
CSL shown on the daily chart moved up through a line of resistance yesterday before reporting solid results today.
CSL on a weekly chart showing how buying previous dips has proven to be a profitable thing to do.
A lot of companies have been moving in a positive direction including Codan which has moved above a line of resistance.
Beach Energy is breaking a trend line.
Superloop looks close to a breakout.
Pro Medicus looks close to moving above the down trend line.
Megaport has been range trading above previous resistance, perhaps building up for another move higher.
Table
Security | Units bought (sold) | Date | Open price/ From last table | Current/close | $ gain/loss |
Buy CSL 3/12/18 at $183 c/f 9/1 at $192.31 c/fwd 3/1 at $280 | Bought 10 at $192.31 9/1/2019 | 9/1/2019 | $280.98 | $293.29 | +$123.10 |
Bought Magellan Financial Group c/fwd 3/1 at $59.00 | Bought 40 at $57.50 18/12/2019 | 18/12/2019 | $61.68 | $63.36 | +$67.20 |
Bought Evolution
| Bought 400 at $3.98 | 24/3/2020 | $5.85 | $6.21 | +$144.00 |
Bought Silverlake
| Bought 1,500 at $1.41 | 24/3/2020 | $2.36 | $2.35 | -$15.00 |
Bought Resolute Mining | Bought 2,500 at 98c | 14/4/2020 | $1.28 | Sold 12/8 $1.20 | -$230.00 |
Bought Nickel Mines
| Bought 6,000 at 52.5c | 29/4/2020 | 62.5 | 64 | +$90.00 |
Bought Aristocrat Leisure | Bought 100 at $26.80 | 19/5/2020 | $28.79 | $28.02 | -$77.00 |
Bought Stavely
| Bought 4,000 at 56c | 11/6/2020 | 62.5c | 65 | +$100.00 |
Bought Ardent Leisure | Bought 3,000 at 40c | 1/7/2020 | 40c | 45c | +$150.00 |
Bought Flight Centre
| Bought 150 at $11.50 | 1/7/2020 | $11.70 | $11.40 | -$45.00 |
Bought St Barbara
| Bought 800 at $3.50 | 7/7/2020 | $3.42 | Sold 12/8 $3.29 | -$134.00 |
Bought Northern Star | Bought 150 at $15.70 | 21/7/2020 | $15.32 | Sold 12/8 $14.50 | -$153.00 |
Bought Galaxy
| Bought 2,500 at $1.16 | 5/8/2020 | $1.23 | $1.23 | Steady |
Bought Integrated Research | Bought 700 at $4.40 | 5/8/2020 | $4.81 | $4.79 | -$14.00 |
Bought NextDC
| Bought 250 at $11.97 | 5/8/2020 | $11.70 | $12.00 | +$75.00 |
Bought Ardent Leisure | Bought 1,500 at 35c | 6/8/2020 | 40c | 45c | +$75.00 |
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|
|
|
|
|
Start 2/1/2020 $50,000.00 | Open balance $71,276.75 |
|
|
| $71,276.75 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week +$256.30 |
|
|
| +$256.30 |
| Current total $71,533.05 |
|
|
| $71,533.05 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $33,896.30 |
|
|
| $33,896.30 |
Prices from Tuesday’s close or 6am for US | Cash available $37,636.75 |
|
|
| $37,636.75
|
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.
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