ASX Morning call 6th August

Last Friday was looking for a pump and dump. Looks like it was pumped over night and when 11:30 hit dropped like a stone all afternoon but I was not convinced it was pumped so missed out.

ASX closed on the lows on Friday ticked up close to the traded highs in overnight trade. Mondays can usually see funds buying but the last 3 Mondays have been sold off in the morning. I am just going to keep my trading simple and just do the first hour look for spikes in the first 10mins at the open to Fridays high 6279 and Fridays low 6236. If the low doesn't hold the unfilled closing gap at 6211 could trade which will be a buy for 10 points.

If trade gets above 6279 might hit some short stops and selling 6307 will be good for 10 points.