There will be another chance I think. We are looking at a strong finish to the week, but the trend has been for that to reverse after a strong week.
At the moment there is no meaningful direction for stocks. COVID news is mixed as tensions rise across the northern countries.
The ASX keeps testing and retesting 6200 points, and we have broken through it again. I expect a sell off after lunch and a further drop tomorrow, but the chart is showing that the downward trend we have been in has reversed and is starting to head upwards.
Generally good news for holders.
The problem though is that not all stocks will rise and fall equally in these scenarios, and the sideways movement is set to continue.
WBC Price at posting:
$17.86 Sentiment: Hold Disclosure: Held
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