Australian Investment Blog

I am negative the markets at present, as outlined in recent reports, anticipating the ASX200 to reach at least 5,350. Hence, if traders are not “writing calls” against the stocks below, I would be reducing market exposure, depending on personal holdings.

MYR – technical stops have been breached in the last hour, under $2.17. For current holders, I am happy to hold at least half position overnight for the dust to settle as I myself, have accumulated further today.

SWM – stops should have been executed, if not, under $1.67.

N.B. This is a tricky period technically, as 5 of the stocks above have recently traded ex-dividend.

Reports and other documents published on this website and email (‘Reports’) are authored by Market Matters independently of Shaw Stockbroking Limited (‘Shaw’). The Reports represent the views of Market Matters and those views may be contrary to views expressed by Shaw, Shaw Research and Shaw advisers. The Hickman Report is based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.The Reports contain general, as opposed to personal, advice. That means they are prepared for multiple distribution without consideration of your investment objectives, financial situation and needs (‘Personal Circumstances’). Accordingly, any advice given is not a recommendation that a particular course of action is suitable for you and the advice is therefore not to be acted on as investment advice. You must assess whether or not any advice is appropriate for your Personal Circumstances before making any investment decisions. You can either make this assessment yourself, or if you require a personal recommendation, you can seek the assistance of a financial advisor.
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