The local market is progressing well since moving above the short-term trend line.
The price of gold has moved solidly above the $1,800 resistance area and has reached the next zone of resistance. Perhaps some choppy price action before moving on, or not.
Imugene looks to have found support at these levels again and could be forming a double bottom pattern.
Pilbara Minerals looks to have found some support. How long will it last?
Jumbo has moved out of some narrow sideways congestion and looks to be heading higher.
Brainchip continues to be volatile and could be forming a long-winded bearish flag pattern.
Mirvac Group is one company mentioned by analysts to look out for in 2023. Time will tell.
Platinum Asset management has moved above what could be a sideways bottoming pattern.
Estia is again testing the down trend line.
Aussie Broadband looks to be in a consolidation pattern.
It is interesting to note that the returns from the income of shares in the ASX 300 index over the years is more than the capital gains. In what many analysts forecast as a bumpy ride in 2023 strong dividend income could make a big difference.
The volatility of capital gains is much greater than the volatility of income.
Disclaimer: The commentary on different charts is for educational purposes only and is 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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