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Finer Market Points: ASX Top 10 Momentum Stocks: 4 Sep 2024ASX:LRV FWB:KLI ASX:LTP XETR:BAS ASX:EZZ AMEX:AIM NYSE:BIO ASX:DSK NYSE:TRP NYSE:WTM 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: Larvotto Resources Limited (LRV) Killi Resources Limited (KLI), (LTP) Bass Oil Limited (BAS) EZZ Life Science Holdings Limited (EZZ) Ai-Media Technologies Limited (AIM) Biome Australia Limited (BIO) Dusk Group Limited (DSK) Tissue Repair Ltd (TRP) Waratah Minerals Limited (WTM)
ASX:AIM
by ch886
Finer Market Points: ASX Top 10 Momentum Stocks: 3 Sept 2024CBOE:BXN ASX:LRV FWB:KLI BME:MCM ASX:EZZ GETTEX:AQC NYSE:HUM NYSE:WTM NYSE:BIO ASX:NOX 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: Bioxyne Limited (BXN) Larvotto Resources Limited (LRV) Killi Resources Limited (KLI) MC Mining Limited (MCM) EZZ Life Science Holdings Limited (EZZ) Australian Pacific Coal Limited (AQC) Humm Group Limited (HUM) Waratah Minerals Limited (WTM) Biome Australia Limited (BIO) Noxopharm Limited (NOX)
ASX:LRV
by ch886
Finer Market Points: ASX Top 10 Momentum Stocks: 2 Sept 2024BSE:DEL ASX:LRV BME:MCM GETTEX:AQC ASX:RIM ASX:EZZ NYSE:HUM NYSE:AGR XETR:BAS AMEX:AIM 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: Delorean Corporation Limited (DEL) Larvotto Resources Limited (LRV) MC Mining Limited (MCM) Australian Pacific Coal Limited (AQC) Rimfire Pacific Mining Limited (RIM) EZZ Life Science Holdings Limited (EZZ) Humm Group Limited (HUM) Aguia Resources Limited (AGR) Bass Oil Limited (BAS) Ai-Media Technologies Limited (AIM)
ASX:AQC
by ch886
ASX WTM - Exploratory EMA Strategy: 30-Min Back-TestThis script implements a simple EMA crossover strategy for backtesting purposes on 30-minute intervals. It uses the following parameters: Entry Signal: Triggered when the 118-period EMA crosses above the 150-period EMA. Exit Signal: Triggered when the 18-period EMA crosses below either the 118-period or 150-period EMA. Backtest Results (6M): Net Profit: 1,565.10 AUD (+156.51%) Total Closed Trades: 2 Percent Profitable: 50.00% Max Drawdown: 47.61 AUD (4.76%) Average Trade: 782.55 AUD (78.26%) These results are based on a 6-month period using 30-minute candles and should be taken with caution. This strategy performed well during this period, but past performance is not indicative of future results. Remember, this script is intended for back-testing and exploration only.
ASX:WTMLong
by PPonBIN
Technical analysis of PWR Holdings Limited ASX:PWH1. Trend Analysis: Long-Term Trend: The stock has been in an overall uptrend from 2019 to mid-2023, characterized by higher highs and higher lows. Recent Downward Movement: Recently, the stock has experienced a significant pullback from its highs around 12 AUD to the current level of 8.89 AUD, breaking below several key moving averages. 2. Moving Averages (MAs): 20-week EMA (Red Line): Currently around 10.83 AUD, the price is significantly below this level, indicating short-term bearish momentum. 50-week EMA (Orange Line): Around 10.71 AUD, also above the current price, which suggests weakening in the medium-term trend. 100-week EMA (Blue Line): At 10.13 AUD, the price is below this EMA, indicating the stock is under significant pressure. 200-week EMA (Purple Line): Near 8.82 AUD, the stock is approaching this long-term support level. Historically, the 200-week EMA is a strong indicator of the long-term trend. A break below could suggest a deeper correction. 3. Support and Resistance Levels: Support: The stock is currently testing the 200-week EMA support level around 8.82 AUD. Below this, there may be support around the previous lows near 6.72 AUD, as indicated on the chart.Resistance: Immediate resistance is likely at the 10 AUD mark, aligning with the cluster of moving averages (20, 50, 100-week EMAs) above the current price. 4. Volume Analysis: Moderate Volume Increase: There is a slight increase in volume accompanying the recent decline, which might suggest that the selling pressure is increasing. However, the volume is not significantly higher, which could imply that the move down isn’t accompanied by a broad capitulation by investors yet. 5. Relative Strength Index (RSI): RSI Value: The RSI is currently around 30.61, which is close to the oversold territory (typically below 30). This suggests that the stock might be oversold, and there could be potential for a rebound if buying interest increases. 6. Candlestick Patterns:The recent red candlestick with a long body reflects strong bearish sentiment. The stock has formed a series of bearish weekly candles, signaling continued selling pressure. 7. Potential Trading Strategy: Bullish Scenario: If the 200-week EMA (around 8.82 AUD) holds as a support and the RSI begins to turn upwards from oversold levels, there could be a buying opportunity for a rebound play. Watching for bullish reversal candlestick patterns or a decrease in selling volume would be key indicators to confirm this. Bearish Scenario: If the stock breaks below the 200-week EMA with sustained volume, it could suggest further downside, possibly toward the next support level around 6.72 AUD. In this case, it might be prudent to either avoid buying or consider selling to limit losses.
ASX:PWH
by oleksandrdykh
McMillan Shakespeare Limited (MMS) Chart OverviewThe current price is AUD 15.86, reflecting a significant drop of 10.04% from the previous close. This suggests a sharp negative sentiment and reaction to recent business update and outlook provided. Support and Resistance Levels Support Levels: The EMA 50 (around AUD 15.80) is a potential immediate support level. The next major support could be around the AUD 14.00 to AUD 14.50 range, where the EMA 100 lies and coincides with a previous price consolidation area in mid-2022. Resistance Levels: The recent high near AUD 18.00 serves as a significant resistance level. This is where sellers have previously come in strong, and it aligns with the most recent peak before the sharp decline. Potential Trade Setup Bullish Scenario (Buying Opportunity) Entry Point: If you believe the longer-term trend (indicated by the EMA 100 and EMA 200) will prevail, a potential buying point could be near the current EMA 50 (around AUD 15.80). Waiting for a confirmation of a reversal, such as a bullish candlestick pattern or a bounce off this level, would provide a safer entry. Profit Target: First Target: AUD 17.00 (near the recent swing highs). This level would provide a good risk-to-reward ratio for a short-term trade. Second Target: AUD 18.00 (recent peak). If momentum continues, breaking this resistance could lead to a new uptrend. Stop Loss: A stop-loss could be placed slightly below the EMA 100, around AUD 14.00, to protect against a deeper correction. This would be below the last significant low, ensuring that if the price continues downward, you're out of the trade. Bearish Scenario (Shorting Opportunity) Entry Point: If the sentiment remains bearish, a potential short-selling opportunity could arise if the price breaks below the EMA 50 with strong volume and bearish candlestick confirmation. Profit Target: First Target: AUD 14.50, which aligns with the EMA 100 and a previous support area. Second Target: AUD 13.00, where there was historical price action support in 2021. Stop Loss: A stop-loss could be placed just above the recent high at AUD 17.00 to mitigate the risk of a reversal. Volume Analysis Volume bars at the bottom of the chart show trading activity, with larger bars indicating higher volume. The recent drop accompanied by high volume suggests strong selling pressure. If this continues, it could confirm the bearish sentiment. Conversely, a drop in volume with declining prices might suggest a weakening bearish trend, potentially signaling a reversal impact stock prices. Based on the chart and current technical setup: Bullish traders might look for signs of support around the EMA 50 or EMA 100 and seek confirmation of a reversal before entering a trade. Bearish traders might focus on the recent downward momentum and look for a break below current support levels to continue the trend.
ASX:MMS
by oleksandrdykh