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Finer Market Points: ASX Top 10 Momentum Stocks: 18 Oct 2023ASX:DCN TSX:DXB ASX:NOX PSX:PIL NYSE:BIT NYSE:STK ASX:BPH NASDAQ:BNR ASX:TOR ASX:LPI Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Dacian Gold Limited (DCN): Dacian Gold Limited is a gold explorer and developer with a 2.9Mtpa processing facility in the Leonora region of WA. Dimerix Limited (DXB): Dimerix Limited is a clinical-stage biopharmaceutical company specializing in inflammatory diseases, including both kidney and respiratory diseases. Dimerix is currently focused on developing its proprietary Phase 3 product candidate DMX-200. Noxopharm Limited (NOX): Noxopharm Limited is a clinical-stage Australian drug development company with a focus on oncology. They are developing innovative cancer therapies, specifically for pancreatic cancer. Peppermint Innovation Limited (PIL): Peppermint Innovation Limited is a company focused on delivering a range of banking, financial services, delivery and logistics, and remittance solutions, including mobile banking through mobile wallets. Biotron Limited (BIT): Biotron Limited is a biotechnology company focused on the discovery and development of novel antiviral therapies for the treatment of HIV-1 and Hepatitis C virus (HCV). Strickland Metals Limited (STK): Strickland Metals Limited is a mineral exploration company focused on gold, copper, Zi, Pb, and Silver in Western Australia. BPH Energy Ltd (BPH): BPH Energy Ltd focuses on investments in the oil and gas sector, biotechnology, and other niche sectors via early stage funding for commercial proof of concept, research, and product development. BPH often partners with academic institutions and is currently working on Clean Hydrogen projects. Bulletin Resources Limited (BNR): Bulletin Resources Limited is engaged in the exploration and development of gold and base metal properties in Australia. Torque Metals Limited (TOR): Torque Metals Limited is a WA miner near Kalgoorlie exploring for Li Au and Ni along the south string of St Ives Gold Mine with infrastructure and processing plants nearby at Bald Hill. Lithium Power International Limited (LPI): Lithium Power International Limited is a company focused on lithium, with projects in Chile and Western Australia.
L
by ch886
Key point on BOT - where to? Couple of things to unpack here, we're at a Pivotal point right now just holding the .618 Fibonacci retracement level on the recent move. DOW Theory suggests "The secondary, or intermediate, trend represents corrections in the primary trend and usually lasts three weeks to three months. These intermediate corrections generally retrace between one-third and two-thirds of the previous trend movement and most frequently about half, or 50%, of the previous move." Currently, being at the .618 level is "two-thirds of the previous trend movement". In other words, close under .135 for consecutive days and we go to retest the recent lows. Consider the above from Dow Theory, and look where we retraced to on the Fib - Exactly .5 or "most frequently about half, or 50%, of the previous move." again suggested we are continuing the trend downward furthermore reinforcing the importance of holding .135 Now take a look at the OBV indicator as it foretold the recent FDA non-approval dump. Clear Bearish Divergence showing weakened buying on the move up between 16 August to 19 September. To gain some trust in the indicator for readers, I've highlighted a period between 11 Oct 22, and 3 Feb 23 where price created a new low - .059 to .055 however OBV showed a clear Bullish Divergence showing 'Smart Money' were increasing their buying during that period. Finally, continuing with OBV - take a look at the below, we have lost previous support and come back and tested it as resistance. The equivalent buying that is going on now is as low it was back in Feb-March this year when we traded between .075 and .08 Take from this what you will however as outlined in my prior post on Botanix, I don't see the stock re-rating to high-teens, low-twenties and sitting there until official FDA approval.
ASX:BOT
by mr5neak
2
Finer Market Points: ASX Top 10 Momentum Stocks: 17 Oct 2023ASX:DCN TSX:DXB PSX:PIL NYSE:STK SP:SPX NYSE:BIT NASDAQ:BNR FWB:LV1 ASX:TOR MIL:MGT Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Dacian Gold Limited (DCN): Dacian Gold Limited is a gold explorer and developer with a 2.9Mtpa processing facility in the Leonora region of WA. Dimerix Limited (DXB): Dimerix Limited is a clinical-stage biopharmaceutical company specializing in inflammatory diseases, including both kidney and respiratory diseases. Dimerix is currently focused on developing its proprietary Phase 3 product candidate DMX-200. Peppermint Innovation Limited (PIL): Peppermint Innovation Limited is a company focused on delivering a range of banking, financial services, delivery and logistics, and remittance solutions, including mobile banking through mobile wallets. Strickland Metals Limited (STK): Strickland Metals Limited is a mineral exploration company focused on gold, copper, Zi, Pb, and Silver in Western Australia. Spenda Limited (SPX): Spenda Limited is engaged in the provision of digital payment solutions for businesses, helping provide smoother lending solutions. Biotron Limited (BIT): Biotron Limited is a biotechnology company focused on the discovery and development of novel antiviral therapies for the treatment of HIV-1 and Hepatitis C virus (HCV). Bulletin Resources Limited (BNR): Bulletin Resources Limited is engaged in the exploration and development of gold and base metal properties in Australia. Live Verdure Ltd (LV1): Live Verdure Ltd is a health, wellness, and skincare products company making a wide range of naturally based products with effective active ingredients sold online, direct to consumers. Torque Metals Limited (TOR): Torque Metals Limited is a WA miner near Kalgoorlie exploring for Li Au and Ni along the south string of St Ives Gold Mine with infrastructure and processing plants nearby at Bald Hill. Magnetite Mines Limited (MGT): Magnetite Mines Limited is working on the Razorback and Iron Peaks Iron Ore Projects in South Australia, focusing on Direct-Reduction grade ('DR Grade) iron ore used in the production of zero-carbon steel production.
ASX:MGT
by ch886
Tietto Minerals Recent Price Action. TIE.ASX Tietto Minerals has shown a recent +33% upside gain from it's Lows. The Trend Cloud and 50 Day EMA is above the 1 Day VWAP, indicating possible further Bullish Action. The Chart is self explanatory. Should this action continue, then I am aiming for the 1 Week VWAP target level. Please use your own discretion and choice regarding your personal investing decisions. I hope this chart is of assistance, and smash the Boost Rocket button. Regards Graham.
TLong
by hitchcoxg
Symmetrical Triangle (coiling) in playI believe this is a consolidation phase before the continuation of the current trend that is upwards, beginning on 3 August 2023 when the price bottomed at .051. marked in the green rectangle below. Since price peaked on 28 August 2023 for an intraday high of .125 we've seen a total of four reversals of price action, all within two converging trend lines. This is easier to appreciate when you look at the chart by Line and not Candlestick - which is linked below. But the key on the Candlestick is we haven't seen a daily close outside the two trend lines. Taking a look at RSI, we seem to have hidden bullish divergence tracing the swing low from 5 September 2023 to 6 October 2023 with price action making a higher-low however RSI is creating a higher-low. OBV is creating a higher-low during the same time-period outlined above re. RSI. Couple of key points to look out for is Volume needs to confirm the break to the upside of the triangle. You can see since being within the triangle, volume has diminished progressively with higher volume days coming on the bounces we've made off the lower trend line - a key point I'm considering given the overall uptrend mentioned before. Should we break out to the upside, I'm anticipating much higher volume than we've seen for some time and won't be surprised if we test the broken resistance as support. Take profit will be .135-.140 which is measured by measuring the height of the vertical line at the widest part of the triangle (the base) - '1 and 2' shown below and measure that distance from the breakout point. Alternatively, you can also draw a trend line from the top of point 1 below parallel to the lower trend line.
ASX:LDXLong
by mr5neak
1
ASX Top 10 Momentum Stocks: 16 Oct 2023 - Finer Market PointsASX:NOX TSX:DXB ASX:DCN NYSE:STK NYSE:BIT PSX:PIL CBOE:SPX ASX:LPI NYSE:PCK ASX:TOR Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Noxopharm Limited (NOX): Noxopharm Limited is a clinical-stage Australian drug development company with a focus on oncology. They are developing innovative cancer therapies, specifically for pancreatic cancer. Dimerix Limited (DXB): Dimerix Limited is a clinical-stage biopharmaceutical company specializing in inflammatory diseases, including both kidney and respiratory diseases. Dimerix is currently focused on developing its proprietary Phase 3 product candidate DMX-200. Dacian Gold Limited (DCN): Dacian Gold Limited is a gold explorer and developer with a 2.9Mtpa processing facility in the Leonora region of WA. Strickland Metals Limited (STK): Strickland Metals Limited is a mineral exploration company focused on gold, copper, Zi, Pb, and Silver in Western Australia. Biotron Limited (BIT): Biotron Limited is a biotechnology company focused on the discovery and development of novel antiviral therapies for the treatment of HIV-1 and Hepatitis C virus (HCV). Peppermint Innovation Limited (PIL): Peppermint Innovation Limited is a company focused on delivering a range of banking, financial services, delivery and logistics, and remittance solutions including mobile banking through mobile wallets. Spenda Limited (SPX): Spenda Limited is engaged in the provision of digital payment solutions for businesses, helping provide smoother lending solutions. Lithium Power International Limited (LPI): Lithium Power International Limited is a lithium exploration and development company with projects in Western Australia and Chile. Painchek Ltd (PCK): Painchek Ltd is a healthcare technology company that has developed an AI-driven pain assessment tool used by healthcare professionals to assess and manage pain in real-time, especially for non-verbal patients. Torque Metals Limited (TOR): Torque Metals Limited is a WA miner near Kalgoorlie exploring for Li Au and Ni along the south string of St Ives Gold Mine with infrastructure and processing plants nearby at Bald Hill.
D
by ch886
Sympathetic Trade: Where there's smoke, there's fire !Where one stock in an industry goes up its competitor or similar companies in other markets might also go up. This can be described as a phenomenon of "sympathetic trading" or "sympathy moves" . In the stock market, a sympathy move is when the stock price of one company moves in tandem with the stock price of another company in the same industry. This happens because market participants assume that what affects one company will likely impact others in the same sector. For example, if a tech company reports strong earnings, other companies in the same sector may also see their stock prices rise due to the assumption that they may be experiencing similar success. This doesn't always hold true, but it's a common occurrence in the stock market. Note that such co-movements can also occur due to shared exposure to macroeconomic events or broader market sentiment rather than industry-specific news. It's a common theme of the interconnectedness of financial markets. In this case online used car seller Carvana stocks jumped close to 60% , a MASSIVE move on the NYSE today on good news of the second hand car market recovering reflected in their sales and forecast for the rest of the year. Carsales.com(.au) a major used car seller website in Australia and other markets might also experience a similar upturn in demand. Carvana.com and Carsales.com, both being in the automotive e-commerce industry, have similar business models and might be subject to the same macroeconomic factors, industry trends, and customer behaviors. If Carvana.com sees a substantial increase in its stock price, it could indicate positive developments or favorable conditions within the online car sales industry as a whole. Thus, traders might speculate that Carsales.com could also benefit from these positive developments or conditions, and this could lead to a rise in its stock price. However, it's important to remember that while this logic can sometimes hold true, it is not guaranteed. Each company's financial health, management, and specific circumstances also play a huge role in determining its stock price. It's also worth noting that the stock markets in different countries (in this case, the US and Australia) might not react in the same way to the same news. Factors such as time zone differences, local economic conditions, and regulatory environments can influence how similar stocks perform in different countries. Sympathy trades across different markets can sometimes give you a good early indication of industries and stocks that might be about to turn around. Carsales in this case does look like it could be at a good support area so could be good timing for an entry if you do your due diligence and decide it might be a good trade. Be interesting to see how it plays out.
ASX:CAREducation
by zAngus
5
$WHC Whitehaven CoalWHC is trading this range since Feb 2003 which is starting to look like a Wyckoff accumulation YET TO BE CONFIRMED. Confirmation for me would be if price traded back above the Mid Range of this zone. And trigger for long is marked on reclaim of Mid range. Let see, If NOT Then looking for price to trade back around the range low and move away from it. Or Will see if we get a heavier pullback to take out the liquidity built up at those area marked "STOPS" on the chart to test the Macro RANGE high. Anything could and will happen with price and the plans will change as it evolves but these are plans on what is presented right now.. All triggers marked on charts.
ASX:WHCLong
by gillman_hugh
ASX Top 10 Momentum Stocks: 5 October 2023 - Finer Market PointsFWB:LV1 ASX:BIT NYSE:STK ASX:WC8 ASX:LPM NYSE:PCK ASX:DYL ASX:VMM NYSE:SPR ASX:TOE Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly through our Friday video on our YT channel. Today's ASX's Top 10 Quarterly Momentum Stocks are: Live Verdure Ltd (LV1): Live Verdure Ltd is a health, wellness, and skincare products company making a wide range of naturally based products with effective active ingredients sold online, direct to consumers. Biotron Limited (BIT): Biotron Limited is a biotechnology company focused on the discovery and development of novel antiviral therapies for the treatment of HIV-1 and Hepatitis C virus (HCV). Strickland Metals (STK): Strickland Metals Limited is a mineral exploration company focused on gold, copper, Zi, Pb, and Silver in Western Australia. Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well. Lithium Plus (LPM): Lithium Plus Minerals Ltd is an NT miner focused on lithium, with three projects in the top end. Painchek Ltd (PCK): Painchek Ltd provides pain assessment technologies that help healthcare professionals assess and manage pain in real-time. Deep Yellow Limited (DYL): Deep Yellow Limited is involved in uranium exploration, with projects spanning from Namibia and Africa to The Reptile, Tumas, Omahula, Yellow Dune Joint Venture, Nova Joint Venture, Mulga Rock, and Alligator River. Viridismining (VMM): Viridis Mining and Minerals Limited is exploring gold, Ni, Cu, PGE, and Kaloin-halloysite assets in Canada and WA SA and NSW. Spartan Resources (SPR): Spartan Resources Limited is a renamed GCY, Gascoyne Resources, focusing on the Never Never discovery, located less than 1km from the processing plant. Toro Energy Limited (TOE): Toro Energy Limited is a uranium exploration and development company with projects in South Australia.
ASX:PCK
by ch886
ASX Top 10 Momentum Stocks: 4 October 2023 - Finer Market PointsFWB:LV1 ASX:OKR ASX:BIT ASX:TOR ASX:WC8 ASX:DYL XETR:4DS NYSE:RDN ASX:LPM ASX:BMN Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly through our Friday video on our YT channel. Today's ASX's Top 10 Quarterly Momentum Stocks are: Live Verdure Ltd (LV1): Live Verdure Ltd is a health, wellness, and skincare products company making a wide range of naturally based products with effective active ingredients sold online, direct to consumers. Okapi Resources Limited (OKR): Okapi Resources Limited has North American uranium projects in Colorado and Canada's Athabasca Basin, which currently supplies about 20% of the world's uranium. Biotron Limited (BIT): Biotron Limited is a biotechnology company focused on the discovery and development of novel antiviral therapies for the treatment of HIV-1 and Hepatitis C virus (HCV). Torque Metals Limited (TOR): Torque Metals Limited is a WA miner near Kalgoorlie exploring for Li Au and Ni along the south string of St Ives Gold Mine with infrastructure and processing plants nearby at Bald Hill. Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well. Deep Yellow Limited (DYL): Deep Yellow Limited is involved in uranium exploration, with projects spanning from Namibia and Africa to The Reptile, Tumas, Omahula, Yellow Dune Joint Venture, Nova Joint Venture, Mulga Rock, and Alligator River. 4Ds Memory Limited (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry. Raiden Resources Limited (RDN): Raiden Resources Ltd is a resource exploration and development company, with a focus on precious and base metals in Europe. They are Ni Cu PGE miners in the WA Pilbara region and also involved in Copper-gold exploration in Serbia and Bulgaria. Lithium Plus Minerals Ltd (LPM): Lithium Plus Minerals Ltd is an NT miner focused on lithium, with three projects in the top end. Bannerman Energy Ltd (BMN): Bannerman Energy Ltd is a uranium miner with the Etango project in Namibia.
ASX:STK
by ch886
Botanix: Dead Cat Bounce?Recent events have caused what was a 'guaranteed' FDA approval price-pump to fall 40+% at their low (so far) with FDA requiring additional 'Patient Instruction update'. I'm looking for a short term move back to .14-.15 on bullish divergence, bearing in mind there's a much larger hidden bearish divergence occurring simultaneously. I don't believe we breach .15 and feel that we will reject again heading back to test .115 with likely lower prices to come. Should the price go north of .14-.15 I'm taking profit around .165 at the latest as I anticipate that's where sellers will step in again. While sentiment on the company remains relatively positive, it's wise to remember the stock closed January at .058 before heading on a 262% increase at it's peak in September. We're looking at a revised approval date for Botanix's lead product Sofpironium Bromide of mid-2024; still some eight months away. It feels naïve of me to expect the stock to not go lower first and that it will somehow hold it's recent lows before heading North to the .16-.20 and wait there for eight months.
ASX:BOT
by mr5neak
1
ASX Top 10 Momentum Stocks: 29 Sept 2023 - Finer Market PointsFWB:LV1 ASX:OKR NYSE:BIT ASX:TOR ASX:WC8 ASX:DYL XETR:4DS NYSE:RDN ASX:LPM ASX:BMN Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly through our Friday video on our YT channel. Today's ASX's Top 10 Quarterly Momentum Stocks are: Live Verdure Ltd (LV1): Live Verdure Ltd is a health, wellness, and skincare products company making a wide range of naturally based products with effective active ingredients sold online, direct to consumers. Okapi Resources Limited (OKR): Okapi Resources Limited has North American uranium projects in Colorado and Canada's Athabasca Basin, which currently supplies about 20% of the world's uranium. Biotron Limited (BIT): Biotron Limited is a biotechnology company focused on the discovery and development of novel antiviral therapies for the treatment of HIV-1 and Hepatitis C virus (HCV). Torque Metals Limited (TOR): Torque Metals Limited is a WA miner near Kalgoorlie exploring for Li Au and Ni along the south string of St Ives Gold Mine with infrastructure and processing plants nearby at Bald Hill. Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well. Deep Yellow Limited (DYL): Deep Yellow Limited is involved in uranium exploration, with projects spanning from Namibia and Africa to The Reptile, Tumas, Omahula, Yellow Dune Joint Venture, Nova Joint Venture, Mulga Rock, and Alligator River. 4Ds Memory Limited (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry. Raiden Resources Limited (RDN): Raiden Resources Ltd is a resource exploration and development company, with a focus on precious and base metals in Europe. They are Ni Cu PGE miners in the WA Pilbara region and also involved in Copper-gold exploration in Serbia and Bulgaria. Lithium Plus Minerals Ltd (LPM): Lithium Plus Minerals Ltd is an NT miner focused on lithium, with three projects in the top end. Bannerman Energy Ltd (BMN): Bannerman Energy Ltd is a uranium miner with the Etango project in Namibia.
ASX:DYL
by ch886