Another small profit – Stop Loss reached.

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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May 17, 2023

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AX1.AX | High Conviction Report

In trading yesterday, the stop loss level for the Accent Group Ltd (AX1) position was reached, and the position has now been closed for a small profit.

As you can see from the chart, the candle yesterday was a bearish move to the downside after a period of consolidation. This move down was on the back of no news and could just be investors taking profits as the stock has had an excellent run over the last couple of months. As always, we’ll continue to monitor AX1 for a re-entry at a low-risk entry point.

**Closed position result**
Number of Shares Purchased: 2,000
Initial buy price: $2.31
Exit Price: $2.45
Position closed for a profit of $280.00

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.