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The XAO was down 0.16% this week – not having gone anywhere it remains at the top boundary of the price channel referred to last week with no indication if it will break higher or fall back. The weekly candle was a doji suggesting market indecision (and a potential reversal next week). The previous analysis stands – the possibility of price falling back to 6,000 or breaking higher to 6,800.

My portfolio was up about 2% for the week, helped by two short-term trades – a 12.7% profit on PPS and 16.5% on PPK. PPK was a new listing on my Stocks to Watch page last week where I bought in on 19th, added to that on the 21st, and sold on the 22nd. If they were only all so easy! 

During the week I purchased COH and SVY.

Best performers for the week (other than PPS and PPK) were PME (+12%), PLS (+6.7%) and COH (+5.5%). The worst laggards were M7T (-10.5%), BID (-11.0%) and MVP (-5.2%).

Four stocks have been removed from my Stocks to Watch page, either because they have reached target or are now too close to the target to support an entry. Four new stocks have also been added and TRS (with a potential rise of more than 60%) is probably my pick of the litter.

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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