The local market has rebounded from the previous support level. It remains to be seen how long this support may hold, quite a few commentators suggest this could be a buy the dip opportunity as others suggest it could be the start of a bigger correction. Time will tell which side is right.

The local market on the two hourly chart shows the heavy fall on Monday, the spike low Tuesday and the rebound so far. We were able to add to our short position then buy back some at our profit target and the remainder shortly after. As price rises towards potential resistance another short selling opportunity could arise. Watching.

We sold out of the Hazer Group position for now and will keep it on the watch list.

We sold half the Pilbara Minerals position during Monday’s meltdown. It looks to have found some support at these levels and a decent ABC pattern may trigger a further buy.

Tyro Payments is in an interesting sideways move.

 

Endeavour Group has found support and then put in two strong days.

Shopping Centres looks to be consolidating at these levels.

Iluka has again found support at the trend line.

Uniti Group looks to be finding support off the trend line.

Baby Bunting is again rebounding off the support zone.

Woodside Petroleum is making an interesting triangular pattern.

Table

Security

Units bought (sold)

Date

Open price/

From last table

Current/close

$ gain/loss

Buy CSL

c/fwd 29/12/2020 at $288.30

Bought 10 at $183.00

3/12/2018

3/12/2018

$300.67

$310.38

+$97.10

Bought NDQ ETF c/f

$28.07

Bought 100 at $26.50

1/10/2020

$33.59

$33.10

-$49.00

Bought Resimac c/f

$2.04

Bought 1,500 at $1.45

2/10/2020

$2.23

$2.11

-$180.00

Bought Webjet

 

Bought 500 at $5.20

2/6/2021

$6.04

$5.95

-$45.00

Bought Whitehaven Coal

Bought 1,500 at $1.90

9/6/2021

$3.09

$2.85

-$360.00

Bought Resolute Mining

Bought 2,500 at 58c

7/7/2021

45

40.5

-$112.50

Bought Audinate

 

Bought 300 at $8.90

9/7/2021

$10.32

$10.08

-$72.00

Bought Life 360

 

Bought 300 at $8.25

11/8/2021

$9.20

$9.14

-$18.00

Bought Atomos

 

Bought 2,000 at $1.32

19/8/2021

$1.56

$1.52

-$80.00

Bought Telix

 

Bought 400 at $6.60

19/8/2021

$6.87

$6.97

+$40.00

Bought Redbubble

 

Bought 700 at $3.70

19/8/2021

$4.02

$4.00

-$14.00

Bought Flight Centre

 

Bought 150 at $15.90

25/8/2021

$18.34

$18.64

+$45.00

Bought Hazer Group

 

Bought 2,500 at $1.05

25/8/2021

$1.01

Sold 17/9 at 95c

-$180.00

Bought Ioneer

 

Bought 5,000 at 56c

2/9/2021

72c

63.5

-$425.00

Bought BBOZ ETF

 

Bought 1,000 at $4.30

9/9/2021

$4.27

$4.51

+$240.00

Bought Pilbara Minerals

Bought 1,000 at $2.26

14/9/2021

$2.26

Sold 500 at $2.18

500 left at $2.09

-$70.00

-$85.00

Sold 6 ASX 200 cfd’s

 

Sold 6 at 7,400

15/9 2021

7,400

Bought 6 21/9 at 7,220

+$1,050.00

Sold 6 ASX 200 cfd’s

 

Sold 6 at 7,320

20/9/2021

7,320

Bought 6 21/9 ​​ at 7,240

+$450.00

 

 

 

 

 

 

 

Start 2/1/2020

$50,000.00

Open balance

$60,611.80

 

 

 

$60,611.80

 

 

Gains/losses week

+$231.60

 

 

 

 

+$231.60

 

Current total

$60,843.40

 

 

 

$60,843.40

Brokerage at

$30 per round turn added when sold.

Buy/ close prices and Margin

$44,283.80

 

 

 

$44,283.80

Prices ​​ from Wednesday night or 6am for US positions.

Cash available

$16,324.90

 

 

 

$16,324.90

 

 

 

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.

 

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