Portfolio Update – August 2024
UK Stock trading set ups i’m watching
Here are eight UK stocks I’m watching that are setting up nicely from a technical perspective. All of these stocks pass my checklist as well, so are growing revenues and earnings at a decent clip. There’s of course no guarantee that any of these will work out as trades and this certainly isn’t advice, though …
Trading Journal – Week 22nd July
Daily Reports Mon Trades: Buy Aquis Exchange (AQX) 1,000 @ 494p. Continued follow through from breakout on Friday (which didn’t have volume). More volume coming in today, more than double Friday’s by lunch time. A great set up with a really good 8% stop position below the tight trading range it’s been in. Earnings results: …
Trading Journal – Week 15th July
Daily Reports Tue Earnings results: Wise (WISE) Q1 results – 34/50. Active customers up 26% YoY to 8.4m. Volumes increased 18% YoY to £33.2B. Underlying income grew 22% YoY to £325.4m, with continuing growth in deposit balances (23% YoY) and strong card and other revenue growth (55% YoY). Continuing to expect strong growth in FY25 …
Trading Journal – Week 1st July
Daily Reports Mon Any major news: UK manufacturing PMI below forecast (50.9 vs 51.4) & below previous result. US manufacturing PMI also below forecast (51.6 vs 51.7), though ahead of previous result. A little concerning for production & reads through in the themes, as most Industrial sub sectors are down over the past month or …
Trading Journal – Week 24th June
Daily Reports Mon Trades: Buy Supreme (SUP) – 3537 @ 141p. This stock has been setting up for a couple of weeks now, mentioned regularly in my trading journal. Released news this morning of an acquisition that is immediately earnings enhancing. This caused a break through resistance with strong volume. When I bought I actually …
Trading Journal – Week 17th June
Daily Reports Mon Trades: Sell Hollywood Bowl (BOWL) (while away 13/06/24) 627 @ 308p, -3.7% – Hit a hard stop loss I set before going away. Has since bounced back above, though not looking particularly strong. No way near passing new checklist. Sell WISE 397 @ 689p, -20.8% – Gapped down on earnings while away. …
Trading Journal – Week 3rd June 2024
Daily Reports Mon Earnings results: BOWL – A beat on expectations, though still quite slow growth. UK like for like growth only 1.3%, so effectively negative with inflation. Canada growing well though at 46.9%, including acquisition of two new centres & build of another new one. Reasonable results, though I can’t see it being a …