Business

The local market is steadily drifting lower after briefly reaching a new all-time high. With tensions high in the Middle East the market could be jolted out of the comfort zone at any time. Elders looks to have found support at the recent lows. Will it hold moving forwards? Packaging mob Amcor looks to be forming a descending wedge pattern which could see prices move up out of the pattern. This uranium ETF has moved above the trend line and could run into a resistance zone around the $9.00 level. Codan keeps edging upwards. Junior copper miner Develop Global has […]

The local market’s total return index which includes re-investing the dividend payments hit an all-time high this week and is up around 124 per cent from the Covid lows. Over time the re-investment or compounding of dividends can make a big improvement to the gains made over time. The local index is slowly creeping towards the highs with some analysts suggesting a pull back of some kind would be  healthy for the market after the steep rise. With President Trump making announcements on all manner of things it’s a wonder the markets are not more jittery. The rollover of a […]