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.
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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.
PCK trade ideas
PCK breaking downtrend?PCK seems to have found a bottom at 0.17, which showed significant support previously.
Note that OBV hasn't lost ground in the recent retracement.
Significant buy volume sitting at 0.18 and above to form support.
Price target would be a touch of the 2/1 line,then breaking the 2/1 and heading to the top of the gap down candle at 0.245
$PCK - PAINCHECK - 600% run since the end of AprilPaincheck is a company I probably trade more emotively than technically as I find their combination of smart phones and AI based pain detection one of those great and obvious innovative matches made in technology heaven. You only have to watch as Apple adds more and more health monitoring hardware and software to their portable and wearable devices. They are both gradually working their way up to becoming an early Star Trek Medical Tricorder and I keep waiting for someone like an Apple to simply turn around and buy Paincheck and integrate their technology into all of their devices.
Paincheck announced today that they are going to try and apply their technology to detecting pain in infants partnering with Melbourne's Murdoch Children’s Research Institute (MCRI)which is the largest child health research institute in Australia and one of the top three worldwide.
About the existing PainChek Adult App
The PainChek Adult App is a clinically validated and regulatory cleared technology that uses automated facial recognition and analysis to identify, quantify and monitor pain in adults that are unable to verbalise their pain. The PainChek Adult is under annual contracts covering more than 80 aged care facilities which are in the process of being implemented across Australia helping to better assess pain severity levels for residents living with dementia and cognitive impairment.
In the past few months the Australian Federal Government announced it will invest $5M to facilitate the implementation of the company’s pain recognition app in Australian Aged Care Facilities.
The Company has also entered the UK market through a distribution agreement with leading Aged Care software provider Person Centred Software.
It is a small company and pretty volatile stock so I tend to run it with very wide / or no stops. One of those buy it and forget it and hope someone buys it type stocks.
Do your own research of course, but could be worth a watch.
