Weekly Review U Stocks - 13th May 2022Here is the weekly review...

Weekly Review U Stocks - 13th May 2022

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.

No new additions this week - so 19 stocks in the list

There are two figure tables.

• First shows the Share Price on Weekly, Yearly basis including drop from 52 week high price
• Second is my Diary, my holdings, buy price etc

Format Changes for Diary This Week

• Column 1 - I am expecting a Moderate Recovery this week - My expectation of SP to reach for each stock
• Column 2 - If there is a Good Recovery this week, I have target prices
• Column 3 - My holding on Friday for Trading Shares
• Column 4 - My average buy price of Trading Shares. I am down in nearly all trading stocks as of Friday as stocks fell more than I expected
• Column 5 - Whether I have Long Holdings in the share (those shares that I will not trade for considerable period)

(I have no target price for decline, they were all met last week. But we never know where the bottom is).
Something to keep in mind this week:

• Stocks are in constant decline and we are in severe downtrend
• Many stocks have lost 40-70% from their highs. Its also true for US stocks. Many stocks have to rise more than 100% from here to reach their ATH
• Last 4 weeks we lost - 9%, 7%, 8% and now 13% - This is the worst streak since I entered U stocks last May
• Only AGE and EL8 are ahead for the year - so its bad out there
• U Future has dropped from $64.50 to $51.05 on Friday.
• Bear pundits still predicting more downturn, but many feel stocks have fallen enough and absorbed most losses for this phase by now

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Something Positive:

• Stocks have had heavy decline. So even if this is not bottom, lot of losses are already factored in the stocks. So they should not fall much even if stocks decline
• Friday seemed to be like a turning point across the board - both for shares and U Future - yet to be confirmed though
• Although we may have some rough sessions, expectation is that for the week we should be ahead of where we were last week, hopefully

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.Here is the Figures for the Week:
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DIARY - Price Target, Average Buy Price for Trading, Whether holding Long Shares
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