herald sun day trader, page-7

As expected there was a sharp fall on the following Monday and along with it cwk closed below its stop.

CWK was sold on April 20 at 46c for a total of $9180. This represented a loss of $850 including brokerage. The stop had been raised form 45.5c to 46, which was the daily low on April 15.

Interestingly, the stock finished the week at 45.5c, which means that as yet, the stock has not formed a weekly pivot point. If it does not form a weekly pivot point this week and gives a signal that it is resuming the uptrend, I will likely buy it back. This is because if it breaks above 64c, it would have a potential target of $1.15. Darryl Morley