Weekly Review U Stocks - 29th Apr 2022
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Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. As I have disclosed earlier I do hold a number of U stocks. This is the reason I include a number of other U Stocks in my analysis. Also, ASX does not have an ETF fund, this provides some proxy for those interested.
Please note that all my analysis are from a trading perspective looking at short-term view.
As mentioned before, have changed the format, removed lot of commentary and now share my weekly diary - my holdings, my plans for the week. Caution around Diary - This is just my opinion/plan. Probability wise one person can be wrong many times, even all the time, so please use information accordingly
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.Something to keep in mind this week:.
- Stocks are in constant decline after reaching new highs in April
- Many stocks have lost 30-40% from their recent highs. Its also true for US stocks. Many stocks have to rise around 50% from here to recent highs
- U Future has dropped from $64.50 to $53.10 on Friday. Any further drop, especially going below sentimental $50 will not be good for stocks in short term
- The reason U Spot price is important because we don't have good demand/supply figures, so it acts as proxy. Supply/demand is the biggest factor that will drive the bull run and still we don't have good figures. Hence the volatility, the turbulence, big drops.
- This week was again not good, with average 8% decline for the week.
- For the year now gain is only 3% across 19 stocks. In fact, half the stocks are in red for the year - so that's the reality even though we think we are in a big bull run
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Here is the Figures for the Week:
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DIARY - Here are the predictions and my personal plan for the week.
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $10.19M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $13.17K | 3.292M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 27946923 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 19568845 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 27946923 | 0.003 |
32 | 38760311 | 0.002 |
11 | 33704950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 19568845 | 29 |
0.005 | 12930837 | 10 |
0.006 | 9908070 | 9 |
0.007 | 5455000 | 4 |
0.008 | 3100000 | 2 |
Last trade - 14.09pm 12/09/2024 (20 minute delay) ? |
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