Australia 200 - just an idea

2020年10月14日

Australian index seems to be in a very stable trading channel (since May) - but it looks like it might break out. It has a lot of upside potential - with the top of the 12 years trend channel quite high above and also the long term resistance (double ATH) being around 6950.
Plus Australia has dealt with the covid-19 pretty decently and has no spikes in cases and lockdowns on the way. (unlike Europe). I think this fact also plays its role in the recent uptrend.
So if it breaks above I consider this a feasible long term investment.

2020年10月14日

註釋

It might actually turn the opossite direction and the channel bottom -

2020年10月14日

註釋

Now it is the time when decision comes.

2020年10月14日

註釋

rejected exactly at the top of the trading channel. Will retest once more for sure. We will see. I am long.

2020年11月10日

註釋

Got out and now struggles at major res/sup - still possible more upside. My longs closed - waiting for better entry