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

 

 

 

 

 

 

 

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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