Follow us on our Journey

Another topsy-turvy week driven by concerns over the US election and Covid. The seemingly inevitible Biden win lit a fire under prices at the end of the week to see the XAO close 4.3% up for the week. We’ll need to watch this coming week to see if price can close above 6,500 or whether the price channel top boundary (click here for XAO chart) will again prove impenetrable as it has 3 times already. A break up out of the channel would see a target of 6,800 and potentially 7,200. 

Unusually, all my holdings rose for the week with the best performers being VOC (15%), SVY (14%), PAR (11%), FBU (8%) – the latter 2 being trades identified this week.

This week saw purchases of – GEMFBU, SGM and PAR which are all new trades, plus a top-up purchase of more SVY. Analysis can be found by clicking on the stocks code here or going to my Stocks to Watch page. The week ending 30 October saw a number of stocks removed from the Stocks to Watch page because the fall in market prices had made their outlook less certain. That said, some of those stocks remain of interest and may be relisted in time.

Contact

Robert Norman

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

Sorry, this website uses features that your browser doesn’t support. Upgrade to a newer version of Firefox, Chrome, Safari, or Edge and you’ll be all set.