IFT.AX - Adjustable SMA Dual Crossover Strategy with RSI FilterThis was backtested achieving 100% wins.
Further testing and enhancements required to ensure that this is accurate.
Feel free to test for yourself on IFT.AX, it doesn't seem to be as effective for other stock symbols, achieving between 60-80%
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 Top 10 Momentum Stocks: 28 Sept 2023 - Finer Market PointsFWB:LV1 ASX:OKR ASX:TOR ASX:DYL ASX:WC8 ASX:BMN NYSE:RDN ASX:SXG ASX:LPM ASX:BOE
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.
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.
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.
Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
Bannerman Energy Ltd (BMN): Bannerman Energy Ltd is a uranium miner with the Etango project in Namibia.
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.
Southern Cross Gold Ltd (SXG): Southern Cross Gold Ltd is a gold miner in the VIC goldfields of Sunday Creed, Redcastle, Whroo, and Mt Isa in QLD.
Lithium Plus Minerals Ltd (LPM): Lithium Plus Minerals Ltd is an NT miner focused on lithium, with three projects in the top end.
Boss Energy Ltd (BOE): Boss Energy Ltd is a uranium exploration and development company with projects in South Australia.
Ascending triangleAn ascending triangle pattern has recently emerged in the shorter timeframes of Kogan (KGN) stock, suggesting an interesting technical development. Simultaneously, when we examine the weekly chart, we notice that KGN is currently trading just below the 50% Fibonacci retracement level.
The convergence of these two factors presents a notable opportunity for potential investors. If KGN manages to break above the Fib .50 level on the weekly chart, it would signify a bullish move, potentially indicating a significant upward trend.
Considering this technical analysis, it may be worthwhile to contemplate a position trade in KGN, with a horizon spanning a few weeks or possibly even longer. This approach allows investors to take advantage of the anticipated bullish momentum should the breakout materialize, while also aligning with the longer-term potential of the stock.
ASX Top 10 Momentum Stocks: 27 Sept 2023 - Finer Market PointsFWB:LV1 FWB:1AE ASX:TOR FWB:RR1 ASX:OKR ASX:WC8 ASX:4DS NYSE:RDN ASX:SXG ASX:DYL
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.
Aurora Energy Metals Limited (1AE): Aurora Energy Metals Limited is a mining exploration company focused on metals such as vanadium, cobalt, and lithium.
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.
Reach Resources Limited (RR1): Reach Resources Ltd is a critical mineral explorer in Western Australia focusing on REE, lithium, tantalum, rubidium caesium, and niobium.
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.
Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
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.
Southern Cross Gold Ltd (SXG): Southern Cross Gold Ltd is a gold miner in the VIC goldfields of Sunday Creed, Redcastle, Whroo, and Mt Isa in QLD.
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.
ASX Top 10 Momentum Stocks: 26 Sept 2023 - Finer Market PointsASX:TOR FWB:RR1 ASX:OKR ASX:WC8 ASX:4DS NYSE:RDN ASX:SXG ASX:DYL ASX:BMN ASX:LDX
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:
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.
Reach Resources Limited (RR1): Reach Resources Ltd is a critical mineral explorer in Western Australia focusing on REE, lithium, tantalum, rubidium caesium, and niobium.
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.
Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
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.
Southern Cross Gold Ltd (SXG): Southern Cross Gold Ltd is a gold miner in the VIC goldfields of Sunday Creed, Redcastle, Whroo, and Mt Isa in QLD.
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.
Bannerman Energy Ltd (BMN): Bannerman Energy Ltd is a uranium miner with the Etango project in Namibia, contributing to the global uranium supply.
Lumos Diagnostics Holdings Limited (LDX): Lumos Diagnostics Holdings Limited engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.
ASX Top 10 Momentum Stocks: 25 Sept 2023 - Finer Market PointsXETR:4DS ASX:TOR FWB:CNW ASX:OKR NYSE:TPC ASX:WC8 NYSE:RDN ASX:LPM MIL:ALA ASX:NTD
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:
4Ds Memory Limited (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
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.
Cirrus Networks Holdings Limited (CNW): Cirrus Networks Holdings Limited provides an independent, vendor-agnostic approach to designing, building, and managing IT infrastructure for public and private cloud and hybrid environments.
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.
TPC Consolidated Limited (TPC): TPC Consolidated Limited is an Australian-based electricity and gas retailer, known as CovaU, offering a wide range of energy products to households and businesses, including Small and Medium Enterprises (SMEs) and Commercial and Industrial customers. They operate across most Australian states and territories and provide options from conventional gas and electricity to solar, wind, and 'greenpower' plans.
Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
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 involved in the exploration and development of lithium and other mineral resources.
Arovella Therapeutics Limited (ALA): Arovella Therapeutics Limited is focused on developing treatments for a range of medical conditions.
National Tyre & Wheel Limited (NTD): National Tyre & Wheel Limited is a company in the automotive industry supplying an array of tyre and wheel products and services across AU, NZ, and South Africa.
ASX Top 10 Momentum Stocks: 22 Septe 2023 - Finer Market PointsFWB:LV1 ASX:4DS ASX:TOR ASX:VMM FWB:CNW FWB:RR1 ASX:OKR OSL:NTI ASX:WC8 NYSE:RDN
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 company specializing in agricultural technology and sustainable farming practices.
4Ds Memory Limited (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
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.
Viridis Mining and Minerals Limited (VMM): Viridis Mining and Minerals Limited is exploring gold, Ni, Cu, PGE, and Kaloin-halloysite assets in Canada and WA, SA, and NSW.
Cirrus Networks Holdings Limited (CNW): Cirrus Networks Holdings Limited provides an independent, vendor-agnostic approach to designing, building, and managing IT infrastructure for public and private cloud and hybrid environments.
Reach Resources Limited (RR1): Reach Resources Ltd is a critical mineral explorer in Western Australia focusing on REE, lithium, tantalum, rubidium caesium, and niobium.
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.
Neurotech International Limited (NTI): Neurotech International Limited is a healthcare company focused on neurology and neurotechnology.
Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
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.
ASX Top 10 Momentum Stocks: 21 Sept 2023 - Finer Market PointsFWB:LV1 ASX:4DS ASX:TOR OSL:NTI ASX:VMM FWB:RR1 ASX:WC8 ASX:OKR ASX:RDN MIL:ALA
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 company specializing in agricultural technology and sustainable farming practices.
4Ds Memory Limited (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
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.
Neurotech International Limited (NTI): Neurotech International Limited is a healthcare company focused on neurology and neurotechnology.
Viridis Mining and Minerals Limited (VMM): Viridis Mining and Minerals Limited is exploring gold, Ni, Cu, PGE, and Kaloin-halloysite assets in Canada and WA, SA, and NSW.
Reach Resources Limited (RR1): Reach Resources Ltd is a critical mineral explorer in Western Australia focusing on REE, lithium, tantalum, rubidium caesium, and niobium.
Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
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.
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.
Arovella Therapeutics Limited (ALA): Arovella Therapeutics Limited is involved in the development of therapeutics for the treatment of fibrosis and other chronic diseases.
Magnis reaching pivotIf the pennant pattern is to prevail, we should soon see a support at 0.067 area, and then a pretty much bull run for some time. This company has been painfully slow from investment return perspective, but it has all the right things going at the moment. The Tesla deal hits in from Feb 2025, and I think on a long term perspective, the chart aligns nicely with that time frame.
p.s. Trade at own risk
21 September 2023 - Buy Seven Group Holdings SVW ASXIn this video, I go over my analysis of Seven Group Holding and why I believe it is a buy.
I also cover why I exited 2 Japanese stocks and a brief outlook on the equity indices and its implications on my cash positioning for my investment portfolio.
ASX Top 10 Momentum Stocks: 20 Sept 2023 - Finer Market Points4Ds 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.
Alligator Energy Limited (AGE): Alligator Energy Limited is involved in exploration for Uranium and other energy minerals in Australia's WA, NT, and SA for U and ISR, as well as Italy for Ni Co Cu Au and PGE.
Lumos Diagnostics Holdings Limited (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.
Southern Cross Gold Ltd (SXG): Southern Cross Gold Ltd is a gold miner in VIC goldfields of Sunday Creed, Redcastle, Whroo, plus Mt Isa in QLD.
Belararox Limited (BRX): Belararox Limited is a clean-energy-focused miner exploring for Cu, Zn, Au, Ag, Ni, Pb in NSW, WA, and Argentina.
Spartan Resources Limited (SPR): Spartan Resources Limited, formerly known as Gascoyne Resources, is focusing on the Never Never discovery, located less than 1km from the processing plant in WA.
Arovella Therapeutics Limited (ALA): Arovella Therapeutics Limited is involved in the development of therapeutics for the treatment of fibrosis and other chronic diseases.
Clearvue Technologies Limited (CPV): Clearvue Technologies Limited is a solar technology company focused on the development of solar window glass.
Healthia Limited (HLA): Healthia Limited is a healthcare company that operates podiatry, physiotherapy, and other allied health clinics.
ASX Top 10 Momentum Stocks: 19 Sept 2023 - Finer Market PointsASX:4DS NYSE:RDN ASX:LDX ASX:SXG NYSE:BRX NYSE:SPR MIL:ALA ASX:HLA NASDAQ:IPX ASX:CU6
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:
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.
Lumos Diagnostics Holdings Limited (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.
Southern Cross Gold Ltd (SXG): Southern Cross Gold Ltd is a gold miner in VIC goldfields of Sunday Creed, Redcastle, Whroo, plus Mt Isa in QLD.
Belararox Limited (BRX): Belararox Limited is a clean-energy-focused miner exploring for Cu, Zn, Au, Ag, Ni, Pb in NSW, WA, and Argentina.
Spartan Resources Limited (SPR): Spartan Resources Limited, formerly known as Gascoyne Resources, is focusing on the Never Never discovery, located less than 1km from the processing plant in WA.
Arovella Therapeutics Limited (ALA): Arovella Therapeutics Limited is involved in the development of therapeutics for the treatment of fibrosis and other chronic diseases.
Healthia Limited (HLA): Healthia Limited is a healthcare company that operates podiatry, physiotherapy, and other allied health clinics.
Iperionx Limited (IPX): Iperionx Limited is a biopharmaceutical company specializing in developing treatments for mitochondrial diseases and other rare diseases.
Clarity Pharmaceuticals Ltd (CU6): Clarity Pharmaceuticals Ltd is a radiopharmaceutical company engaged in the development of targeted therapies for cancer and other diseases.
$ESS - Possible Breakout Above 50 & 200 SMA NYSE:ESS is looking like a possible breakout. It's above the 50 & 200 SMA, it's also on the Upper Bollinger Band Walk
ASX Top 10 Momentum Stocks: 18 Sept 2023 - Finer Market PointsXETR:4DS FWB:CNW NYSE:BRX MIL:ALA NYSE:BMN ASX:CU6 NASDAQ:ACB ASX:CPV ASX:DYL NASDAQ:BVS
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:
4Ds Memory Limited (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
Cirrus Networks Holdings Limited (CNW): Cirrus Networks Holdings Limited provides an independent, vendor-agnostic approach to designing, building, and managing IT infrastructure for public and private cloud and hybrid environments.
Belararox Limited (BRX): Belararox Limited is a clean-energy-focused miner exploring for Cu, Zn, Au, Ag, Ni, Pb in NSW, WA, and Argentina.
Arovella Therapeutics Limited (ALA): Arovella Therapeutics Limited is involved in the development of therapeutics for the treatment of fibrosis and other chronic diseases.
Bannerman Energy Ltd (BMN): Bannerman Energy Ltd is an exploration and development company focused on uranium projects in Namibia.
Clarity Pharmaceuticals Ltd (CU6): Clarity Pharmaceuticals Ltd is a radiopharmaceutical company engaged in the development of targeted therapies for cancer and other diseases.
A-Cap Energy Limited (ACB): A-Cap Energy Limited is a mineral exploration company with a focus on uranium and other energy minerals.
Clearvue Technologies Limited (CPV): Clearvue Technologies Limited is a renewable energy technology company that develops integrated photovoltaic (solar) window glass.
Deep Yellow Limited (DYL): Deep Yellow Limited is a uranium exploration company with projects in Namibia and Australia.
Bravura Solutions Limited (BVS): Bravura Solution Limited provides software solutions for the wealth management, life insurance, and transfer agency industries.
ASX Top 10 Momentum Stocks: 15 Sept 2023 - Finer Market PointsNYSE:RDN ASX:AGE ASX:LDX ASX:SXG ASX:BMN LSE:ARV ASX:EL8 NYSE:SPR NYSE:BRX FWB:CNW
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:
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.
Alligator Energy Limited (AGE): Alligator Energy Limited is an exploration company actively seeking uranium and other energy-related minerals in various locations across Australia, including Western Australia, the Northern Territory, and South Australia, for uranium and in-situ recovery (ISR) purposes. They are also exploring for nickel, cobalt, copper, gold, and platinum group elements (PGE).
Lumos Diagnostics Holdings Limited (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.
Southern Cross Gold Ltd (SXG): Southern Cross Gold Ltd is engaged in gold exploration and mining activities, with a focus on projects in Australia. They operate in the VIC goldfields of Sunday Creek, Redcastle, and Whroo, as well as Mt Isa in QLD.
Bannerman Energy Ltd (BMN): Bannerman Energy Ltd is an exploration and development company focused on uranium projects in Namibia.
Artemis Resources Limited (ARV): Artemis Resources Ltd is involved in mineral exploration and development with a focus on gold, base metals, and strategic minerals projects in Western Australia.
Elevate Uranium Ltd (EL8): Elevate Uranium Ltd is a mineral exploration company with a focus on uranium and other minerals in Australia.
Spartan Resources Limited (SPR): Spartan Resources Limited, formerly known as GCY (Gascoyne Resources), is a mineral exploration and development company. They previously operated the Dalgaranga Gold Project in WA, which was placed on care and maintenance in Q4 2022, including its modern 2.5Mtpa processing plant, surface infrastructure, and resource base. As of September 2023, SPR is focusing on the Never Never discovery, located less than 1km from the processing plant.
Belararox Limited (BRX): Belararox Limited is a clean-energy-focused miner exploring for Cu, Zn, Au, Ag, Ni, Pb in NSW, WA, and Argentina.
Cirrus Networks Holdings Limited (CNW): Cirrus Networks Holdings Limited provides an independent, vendor-agnostic approach to designing, building, and managing IT infrastructure for public and private cloud and hybrid environments.
ASX: MTS: Take Profit < $3.50Metcash (ASX: MTS) has been trading within a narrow range of $3.48 – $4.33 for the past 52 weeks and is currently trading at $3.62, at the time of writing. However, over the last 90 days, MTS has experienced a decline of -7.42%, indicating a negative trend in the market. Unfortunately, this trend has accelerated over the last 30 days, further pushing the stock price down.
Despite the recent downward trend, there is potential for a near-term rebound, as strong support around the $3.50 and $3.60 levels could provide a boost to MTS. However, members should be cautious, as significant resistance around the $3.80 level could limit the upside in the near term.
It is also important to note that there could be significant selling pressure over the next few weeks, as there has been a substantial volume of sellers around $3.70 over the last 90-day period. Additionally, the volume of sell orders has increased by around 50% over the past three months.
Based on the current market conditions and recent trends, we would suggest our members “take profit” below $3.50. While there is potential for a near-term rebound, the negative trend over the past 90 days and increased selling pressure suggest that caution is warranted. Furthermore, the strong support around the $3.50 and $3.60 levels may not hold indefinitely, and significant resistance around the $3.80 level could limit the upside in the near term. Therefore, it may be prudent to “take profit” at or below $3.50 to lock in gains.
180x Price To Earnings for a 5% profit margin?Webjet is trading at 180x Price to Earnings ratio, whilst having roughly a 5% profit margin. The company is has only just returned to profitability post covid, and the stock price is ridiculously valued.
Webjet caters to the shrinking demographic of those not booking their flights / accomodation direct with the providers. Their biggest competitor is google, that provides a price aggregation service for flights now.
Not to mention the cost of being long leveraged is rising with interest rates...
Short selling webjet really is a no brainer fundamentally.