The latest launching of a missile out of North Korea fired up the price of gold briefly and sent a shudder through global markets. The local market fell in response.
The gold price did spike up for a day and then retreated. It was more good luck than anything that we logged on just as gold was breaking out on the news. We sold the position after the gap low was broken giving back around half the open profits.
We bought Clean TeQ Holdings after moving out of a triangular congestion pattern.
PWR Holdings rose sharply from the lows and added a real boost to the portfolio’s value after nearly being stopped out.
The a2 Milk Company boosted profits by 200 per cent over the past year. The new tick of approval from Chinese regulators is yet to happen and any adverse outcomes would be a danger to the share price rising. After a good run we will sell and take profits.
Fluence is testing the lows of the current range.
Class the super fund service provider has finally broken out of the sideways range.
Lynas looks to be consolidating the recent move up.
The Elders price has dropped down to a previous support level.
Could Aconex be finding a base at these levels?
The Ten Network has seen their share price falling through different levels for some time and if the deal with CBS proves successful shareholders will have lost it all.
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.