tradersams blog

Interesting action in todays market.  I have taken the opportunity to extend my investments in some currently open positions, whilst keeping an eye on the overall market to not over extend myself at present.

okn - pyramid in

OKN: despite the funny action I saw recently, I have increased my position here. With a gap up on open this is looking strong.  I note that the next significant resistance is at 3.00, however there are some minor resistance points before then.

TAP: The recent purchase appears to have successfully bounced off the support line for now, so am looking to strengthen my position.  The morning opened well but the share seems to have formed a spinning top, so will keep an eye on it in the morning.

MND: Since entering with my first parcel, MND has subsided along a smooth short term down trend to marginally above my stop loss, at which point it has started rising again.  I have taken the opportunity to increase the position on this break through the lesser downtrend, assuming that the uptrend is now to resume.

aqa pyramid entry

AQA: another share continuing to build upwards.  Increased my position size, however I can see I am relatively close to a line of resistance at the top of the big white candle about 12 days ago.  Lets see how we hold up.

Tomorrow – end of the Australian financial year.  whta fun – then I’ll have to think about another tax return! arrgh – more paperwork 🙂