Finer Market Points: ASX Top 10 Momentum Stocks: 12 Feb 2024ASX:RDM PSE:PNX ASX:DRO NYSE:EOS ASX:DUB ASX:ZIP NYSE:ARR BSE:VMS GETTEX:CXU
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:
Red Metal Limited (RDM)
PNX Metals Limited (PNX)
Droneshield Limited (DRO)
Electro Optic Sys. (EOS)
Dubber Corp Ltd (DUB)
ZIP Co Ltd. (ZIP)
American Rare Earths (ARR)
Venture Minerals (VMS)
Cauldron Energy Ltd (CXU)
EOS trade ideas
ASX Top 10 Momentum Stocks: 18 July 2023 - Finer Market PointsFWB:NOU NYSE:ARL ASX:PV1 ASX:AZS TSX:MVP NYSE:EOS NYSE:TNC ASX:MP1 ASX:LRS ASX:COB
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.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Noumi Limited (NOU): Noumi Limited manufactures and sells food products in the Dairy and Plant Based Beverages segments. They offer dairy milk beverages, nutritional products, performance and adult nutritional powders, as well as plant-based products with names like MilkLab, Australia's Own, So Natural, and more.
Ardea Resources Ltd (ARL): Ardea Resources Ltd is a mineral exploration and development company focused on nickel, cobalt, and gold projects in Western Australia.
Provaris Energy Ltd (PV1): Provaris Energy Ltd is an oil and gas explorer working in the hydrogen markets, developing green hydrogen projects for export through compressed hydrogen. They have recently worked on hydrogen storage and marine carriers from Norway into Europe, addressing supply chain constraints.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on precious and base metals.
Medical Developments (MVP): Medical Developments manufactures and distributes pharmaceutical drugs, medical equipment, and veterinary equipment. They sell Penthrox drugs in the Pharmaceuticals segment and offer medical devices and veterinary products in Australia, Europe, and Asia.
Electro Optic Systems Holdings Ltd. (EOS): Electro Optic Systems Holdings Ltd. creates advanced electro-optic technologies for the aerospace market. They specialize in software, lasers, electronics, optics, gimbals, telescopes, beam directors, optical coatings, and precision mechanisms. EOS operates in the Communication Systems, Defence Systems, and Space segments, providing microwave and on-the-move radio and satellite products, advanced fire control, surveillance and weapon systems to approved military customers. They are also involved in surveillance systems in the Space segment.
True North Copper (TNC): True North Copper is a copper and cobalt focused mining explorer in Queensland, Cloncurry, and Mt Oxide.
Megaport Limited (MP1): Megaport Limited provides elastic interconnection services that enable enterprises to connect to cloud service providers.
Latin Resources Ltd (LRS): Latin Resources Ltd is an Australian-based mineral exploration company with a focus on lithium, copper, gold, and other base metals.
Cobalt Blue Ltd (COB): Cobalt Blue Ltd focuses on cobalt mining and refining operations, with a technology to extract cobalt from pyrite and other host minerals.
EOS - Trade PlanEOS has broken out of its trend line and has pulled back to its downtrend line. We can observe bullish price action which is encouraging. I am targeting the previous Resistance level of $4.72, for a potential gain of 12% and a tight stoploss below $3.80. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$EOS Good Value 6 month hold on Deferred RevenueEOS has just deferred its revenue. We have just received two announcements this week confirming both a new product line and resumption of trade in backlogs. People selling are short term, chasing yield. IMO fundamentals are very strong given, rising Asian region tensions and the desire of Australian Government to have local defensive suppliers. We will see more government contract wins in future.
Lastly, Motley Fool have recommended EOS as a buy to its subscribers.
$EOS:ASX - ELECTRO OPTIC SYSTEMS - Space and Defence SystemsEOS has been having a great run over the last several months and uncertainty around Iran and other parts of the globe has been good for the sector as a whole and EOS in particular. Recent volume has been strong and it broke back up above the $7 mark today getting as high as $7.20 before pulling back. Fingers crossed this is a sign it will push past that $7 barrier over the next few days and start to use it as support. Might be worth a watch.
Current demand: 134 buyers for 315,798 units vs 53 sellers for 119,528 units
Electro Optic Systems Holdings Limited is an Australia-based company engaged in the space and defense system business. The Company's segments include Space and Defence Systems. Space segment includes laser-based space surveillance systems and also manufactures and sells telescopes and dome enclosures for space projects. Defence Systems segment develops, manufactures and markets fire control, surveillance and weapon systems military customers. The Company has developed space tracking sensors. The Company, through its subsidiary, offers observatories, telescopes, space surveillance products, detector systems and laser products. The Company's product range includes EOS R-400 and EOS R-600. It offers repair services and sensor units for military and security application.
EOS retreatsEOS had a very nice run since September 2016 (MACD crossover at negative level = good buy)
Then, it climbed on an uptrend, lying Fib Fan 61.8% to form S3 and S2 strong support levels.
Today's candlestick is the critical one because MACD level has reached the historical high where Jun 2016 formed. If today's candlestick formed as a "dark cloud cover", I suggest we short current position.
I do not recommend long atm.