ASX end of day trading review 24 01 2022
FMG buy trade
NST buy trade
Very small starter on NST long from 9.56 with the perk up in gold and the higher time frame chart looking like a break out is on, the pull back into the 9.40's as the market had it's sell off was a point of concern but gold had a turn higher and markets stopped puking. after some unsteadiness two hours or so after the open. Will be looking to add into a pull back into a ideally a break below 9.60 once some capital is freed up on FMG. Was very close to getting out of FMG but 20.40 did hold and even though I'm not loving the look of this the market was off today and I'm leaning towards on fears over Ukraine and the US. Will need to see price get back over 20.60 and then some with CPI for AUD coming out at 11:30 am Sydney time over 20.70 by then will be good to see and bullish commodities remain my thesis but will be sensible with not allowing this situation to get deeper into the red if 20.40 is broken tomorrow.
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