there is a lot of uncertainty in the markets now, with US elections pending. there is also downwards pressure on oil prices with OPEC production cut failing to take effect. so the market is kind of bearish. looking forward to the US elections results for clearer view.
Summary
Sold off Boustead at 86c, because bad news from Oil & gas sector.
Sold off Yuuzoo at 18c, because of price rejection spotted, so locked in profits
Bought in Anchor Resources at 0.108, because of the uncertainty in the market now, and owning gold related companies.* edit* ( sold off when SL was triggered)
next week i will try to look back at the counters i have traded to look at how the counters fair subsequent to my actions.
Charts
Boustead. oil & gas outlook not as rosy + downwards price action, quickly got off it to lock in some profits. 6c + n2c div is not too shabby
Yuuzoo. price rejection candlestick pattern spotted! dump quickly
Anchor Resources. bought in this counter as the markets were uncertain due to US elections and Gold prices were up (on breakout), however this was a false breakout, so had to quickly cut loss, pay the contra losses.
No comments:
Post a Comment