More good signs
12.07 pm Although I'm out of all the large caps and a lot of the small cap longs, I'm happy to see the index 30 points higher today. I thought the sell off could be about to take a more serious turn for the worse but it's shaping up more like a pennant which is pretty encouraging.
I'm getting more minded to trade less actively as I focus on the new small hotel business. It's something I've wanted to do for a while but the lack of something to occupy myself has meant that I tend to over trade. With that in mind, I've been looking at all the stocks I follow with an emphasis on the small caps because they can provide a real bang for your buck when you get them right.
The two I particularly like are DCC and UPD. Digitalx limited is consolidating in the low 20s after running from a base just above 6 in mid October to a high of 28.5 by early November. The way I see the chart, there is the possibility that 3 small corrective waves have completed so that the next drive higher could take the stock to the low or mid 30s.
Updater made a daily and weekly break, as I wrote the other day. Since then it has consolidated with a couple of inside days. This one has an easy target of 160.
4.15 pm The gains held pretty well, the ASX 200 closed up 32 at 5978. Good news for me was that DCC closed at 23 and looks promising and UPD also gained on the day to close at 132 after minor early weakness.
I'm getting more minded to trade less actively as I focus on the new small hotel business. It's something I've wanted to do for a while but the lack of something to occupy myself has meant that I tend to over trade. With that in mind, I've been looking at all the stocks I follow with an emphasis on the small caps because they can provide a real bang for your buck when you get them right.
The two I particularly like are DCC and UPD. Digitalx limited is consolidating in the low 20s after running from a base just above 6 in mid October to a high of 28.5 by early November. The way I see the chart, there is the possibility that 3 small corrective waves have completed so that the next drive higher could take the stock to the low or mid 30s.
4.15 pm The gains held pretty well, the ASX 200 closed up 32 at 5978. Good news for me was that DCC closed at 23 and looks promising and UPD also gained on the day to close at 132 after minor early weakness.
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