Selfwealth Long Term Long2 Scenario's I'm keeping eyes on for long on SWF based on continued growth, #4 in Ausy trading market, awareness in investing and low brokerage growing more and more.
We're either gonna see buyers rushing in on FOMO, or some more cautious consolidation before the progressive fomo setting in.
3rd scenario keeping an open mind to is continued contraction down to the 78% Fib retrace but I see this moderately unlikely as the market seems to be slowly picking up some confidence again in this sort of sector. and based on market cap I just don't see it dropping below 60M - With this I'll just be scaling in on trades if it does though ie: Bought in at 37c, buy in again at around 32c and go in big at the 26c mark
For me this is a long term investing opportunity as i see it highly unlikely that a new player like this with community trading features, low brokerage, US trading etc won't see significant growth in the next 5 years.
Low shares outstanding also leaves plenty of room to grow on price (Same as REA, APX, APT etc)
Selfwealth
ACDC battery tech consolidation One of my favorite ETF's to trade on the ASX is the ACDC battery tech beast.
Its had a steady rise since the covid drop with over a 120% return so far, but we moved into a consolidation range with an upwards pressure since the start of the year.
We have had a few touches on either extremes of this range and im expecting it to break sooner rather than later.
Looking to add to my position if we get a chance around 91.50 again and then simply waiting for confirmation incase we get invalidation and drop through this HTF consolidation.
Bullish on the space for a while longer and the chart looks good for a push.
Renergen RLT V bottom recoveryNie change in market structure with that V bottom recovery on RLT and a sweet break and gap up off the next line.
Already in a position but looking to start pyramiding orders on this pull back and trade the trend up.
first target around 2.26 but chasing the 2.80 highs by end of the year isnt out of the question which is over 100% from the v bottom.
(ASX:SWF) SELFWEALTH LIMITED - Cheapest Tag Does the trick
Australia's Cheapest Online Broker
SelfWealth is the solution to a problem Founder and CEO Andrew Ward, a veteran of the wealth management
industry had been frustrated with for years: how to provide a fair and simple service to Australian investors,
that grants them access to some of the world’s most cutting edge investment insights, without breaking the
bank.
International market expansion on cards.
Increasing market share a positive.
52w Range 0.095 - 0.56 -
Clear price action positive and short term momentum play. More updates later.
Invested and averaging up.
Positive - Cash burn rate down is positive, growth in active traders, international market expansion on card.....
Negative - volume will drop as markets down cycle.
#Disc: Invested, Trade @ own RISK. Education purpose only. Risk Management is the key.