Day in the sun for Comm Bank
12.37 pm CBA is doing the heavy lifting today as a good quarterly has lifted the stock 2% and dragged the market back to square.
I bought some favourites on early weakness including PTM which I've mostly tipped out as it's now up for the day. OSH is also up while the others are square to slightly lower.
The small caps were hit harder but are fighting back too. I bought some DCC, the cryptocurrency exchange, and it's risen from my entry of 21.5 to 24.5 to this point. It was a continuation after a high congestion.
1.02 pm I bought a few BXB yesterday at 959 and I've added more at 963 just now. The stock seems to be breaking through resistance after building a base.
1.44 pm New Century Zinc looks to me as if it's rolling up out of a pennant. Long at 139.5.
2.39 pm Out of the last of the Platinum at 792 as it stalled just below 800 and rolled over. Out of EVN at 246 too though I'll probably be looking for more buy signals here.
Santos is driving ever higher as it benefits highly from leverage to oil and gas prices, greater efficiency and debt reduction as it follows the Fortescue playbook. Long at 477.
4.41 pm The ASX 200 eked out a 2 point gain recovering from early losses which is typical in a market with good momentum.
My overall result echoed the index with a very minor gain. Overnight longs generally cost me a bit in the large caps but I traded well intraday in A2M and PTM and I'm holding small positions in a few of the large caps from the previous day. The small cap book told much the same story. New Century Zinc finished well at 145 and I added a couple more there.
Tawana Resources is a lithium junior that I only heard about yesterday and decided to buy some at 37.5. They've finished well today, moving to new highs, and I've kept half looking for another few cents gain on the balance.
I bought some favourites on early weakness including PTM which I've mostly tipped out as it's now up for the day. OSH is also up while the others are square to slightly lower.
The small caps were hit harder but are fighting back too. I bought some DCC, the cryptocurrency exchange, and it's risen from my entry of 21.5 to 24.5 to this point. It was a continuation after a high congestion.
1.02 pm I bought a few BXB yesterday at 959 and I've added more at 963 just now. The stock seems to be breaking through resistance after building a base.
1.44 pm New Century Zinc looks to me as if it's rolling up out of a pennant. Long at 139.5.
2.39 pm Out of the last of the Platinum at 792 as it stalled just below 800 and rolled over. Out of EVN at 246 too though I'll probably be looking for more buy signals here.
Santos is driving ever higher as it benefits highly from leverage to oil and gas prices, greater efficiency and debt reduction as it follows the Fortescue playbook. Long at 477.
4.41 pm The ASX 200 eked out a 2 point gain recovering from early losses which is typical in a market with good momentum.
My overall result echoed the index with a very minor gain. Overnight longs generally cost me a bit in the large caps but I traded well intraday in A2M and PTM and I'm holding small positions in a few of the large caps from the previous day. The small cap book told much the same story. New Century Zinc finished well at 145 and I added a couple more there.
Tawana Resources is a lithium junior that I only heard about yesterday and decided to buy some at 37.5. They've finished well today, moving to new highs, and I've kept half looking for another few cents gain on the balance.
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