XERO (XRO: ASX) - A SHORT TERM SPECULATIVE TRADE
Hello! Apologies it has been a while since I've posted. That is because in my previous post in October 2018 ( please see here ), I concluded that we were in a bear market and thus I was solely looking for short positions. Unfortunately after many months of attempting to get shorting permission from my broker, I have not been able to short stocks due to "technical difficulties", and am still trying to sort this out. A little bit salty since I had some really great trades planned out (the market dropped another 10% after), which sadly never materialised. Anyways, that is the reason I have not placed a single trade since October last year. Let's not dwell on the past , and jump straight into my most recent technical trade, XRO: ASX. Disclaimer: I am not a financial advisor and the following are my opinions only. First of all the ASX200 is showing signs of recovery, although it is still a little early to tell for sure. It seems to be forming a...