ASX Top 10 Momentum Stocks: 18 August 2023 - Finer Market PointsASX:LLI XETR:4DS ASX:LDX ASX:RDX ASX:CAV ASX:WC8 ASX:AW1 ASX:RHT ASX:PWN ASX:AZS
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:
Loyal Lithium Limited (LLI): Loyal Lithium Ltd is a battery metals miner with a controlling stake in the Hidden Lake Lithium Project in Yellowknife, Northern Territories of Canada, through a joint venture with Patriot Battery Metals, also listed on the ASX.
4Ds Memory Limited (4DS): 4Ds Memory Limited is a semiconductor technology company developing non-volatile memory technology for various applications.
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.
Redox Limited (RDX): Redox Limited is a global chemical, ingredient, and raw material distributor active in more than 1000 specialty and commodity products.
Carnavale Resources Limited (CAV): Carnavale Resources is an Australian mineral exploration company focused on discovering gold and other precious and base metals.
Wildcat Resources Limited (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
American West Metals Limited (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Resonance Health Limited (RHT): Resonance Health Limited develops and distributes medical imaging software.
Parkway Corporate Limited (PWN): Parkway Corporate Limited operates as an investment company.
Azure Minerals Limited (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.
(ASX:ALL) Staying above 200SMA for couple of weeks> Always enjoying going to my fav place and had an eye on this company for some time.
> Aristocrat Leisure Limited (ASX: ALL) designs, develops and distributes gaming content, platforms and systems, including electronic gaming machines, casino management systems and digital social games. The Company's land-based products are approved for use in more than 300 licensed jurisdictions and are available in over 90 countries. The Group also operates within the online social gaming and real money wager markets.
> Starting nibbling a bit from last couple of weeks.
> Consistent dividend-paying company that to increasing every year.
> due to COVID business is impacted but long term story remains intact as consumer behaviour will not change.
> An opportunity for me to add this in long term portfolio.
ASX:TLS perfect contraction ??ASX:TLS gave over 33% in just over one year from last analysis - what a peaceful ride
just hovering around for several weeks on line that was acting as major resistance
looks like stock is taking time for next rigger
growth is an issue
Having captured captail gains plus life long dividend scenario can't get better than this..
ASX Top 10 Momentum Stocks: 16 August 2023 - Finer Market PointsASX:LDX ASX:AW1 ASX:WC8 ASX:AZS ASX:BOT ASX:IR1 ASX:RDX NASDAQ:NXL ASX:SPQ NASDAQ:LNW
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:
Lumos Diagnostics Holdings (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.
Americanwestmetals (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.
Botanix Pharmaceuticals Ltd (BOT): Botanix Pharmaceuticals Ltd is a medical dermatology company, engaged in the development of cannabinoid-based products for the treatment of skin diseases.
Iris Metals Limited (IR1): Iris Metals Limited is a hard rock Lithium miner in South Dakota, USA, as well as gold, nickel, and lithium in Western Australia.
Redox Limited (RDX): Redox Limited is a global chemical, ingredient, and raw material distributor active in more than 1000 specialty and commodity products.
Nuix Limited (NXL): Nuix Limited specialises in developing a software platform designed to process unstructured data. Its platform caters to various areas, such as criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. Based in Sydney.
Superior Resources Limited (SPQ): Superior Resources Limited is a miner for zinc, lead, silver, copper, gold, magmatic sulphide, nickel, and PGE in NSW and QLD.
Light & Wonder Inc. (LNW): Light & Wonder, Inc. creates digital games and gambling programs as well as sports wagering and betting systems.
Bullish Hidden Divergence vs Bearish Hidden DivergenceHere is an explanation on the Bullish and Bearish Hidden Divergence concepts
Rules are as follows:
Bullish Hidden Divergence
Happens only in uptrend
Observed on pivot lows
Price makes higher low, whereas indicator makes lower low due to price consolidation. In bullish trend, this is considered as bullish as the price gets a breather and get ready to surge further.
Bearish Hidden Divergence
Happens only in downtrend
Observed on pivot Highs
Price makes lower high whereas oscillator makes higher high due to price consolidation. In bearish trend, this is considered as bearish as the price gets a breather and get ready to fall further.
Watch out for breakouts against the trend.
Quick Look - Bullish Divergence vs Bearish DivergenceHere is a graphical representation of the simple concept of bullish and bearish divergences.
Rules are pretty clear
Bearish Divergence
Happens only in uptrend
Observed on pivot Highs
Price makes higher high whereas oscillator makes lower high, indicating weakness and possible reversal
Bullish Divergence
Happens only in downtrend
Observed on pivot Lows
Price makes lower low whereas oscillator makes higher low, indicating weakness and possible reversal
Watch out for hidden divergences on the opposite pivots and breakouts in the direction of trend.
ASX Top 10 Momentum Stocks: 15 August 2023 - Finer Market PointsASX:AW1 ASX:WC8 ASX:LDX ASX:AZS ASX:RDX ASX:BOT FWB:CCX NASDAQ:LNW ASX:IR1 NASDAQ:NXL
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:
Americanwestmetals (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
Lumos Diagnostics (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.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.
Redox Limited (RDX): Redox Limited is a global chemical, ingredient, and raw material distributor active in more than 1000 specialty and commodity products.
Botanix Pharmaceuticals Ltd (BOT): Botanix Pharmaceuticals Ltd is a medical dermatology company, engaged in the development of cannabinoid-based products for the treatment of skin diseases.
City Chic Collective (CCX): City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U.S. through various brands.
Light & Wonder Inc. (LNW):
Iris Metals Limited (IR1): Iris Metals Limited is a hard rock Lithium miner in South Dakota, USA, as well as gold, nickel, and lithium in Western Australia.
Nuix Limited (NXL): Nuix Limited specialises in developing a software platform designed to process unstructured data. Its platform caters to various areas, such as criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. Based in Sydney.
Bannerman Energy - 300% on the MonthlyLets look at the longer timeframe. Stoch RSI looks to turn up.
We are breaking throught the 36M SMA and 12M SMA, as it seems.
Momentum has been reset in addition.
300% sounds unrealistic? - The company was valued the same 2011, that`s why we have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
Bannerman 300% incoming? daily The typical Wave-2 target has been met.
We have retraced more than 0.618 and as it looks right now we could be heading for the Wave 3. The 1.618 extension would make 300%+ possible.
We have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
ASX Top 10 Momentum Stocks: 14 August 2023 - Finer Market PointsASX:AW1 ASX:WC8 ASX:LDX BME:MRL FWB:CCX ASX:3DA NYSE:TNC ASX:CPV ASX:IR1 FWB:LLI
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:
Americanwestmetals (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
Lumos Diagnostics (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.
Mayur Resources Ltd (MRL): Mayur Resources Ltd is an ASX-listed company focused on nation-building projects in PNG. Their work includes cement, lime, iron, and industrial sands, with a flagship project in nature-based carbon offsets for lime and cement, as well as geothermal projects.
City Chic Collective (CCX): City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U.S. through various brands.
3DA (3DA): 3DA provides cloud-based data processing services with a focus on its 3D geospatial data technology.
True North Copper (TNC): TNC is a copper and cobalt focused mining explorer in Queensland, Cloncurry and Mt Oxide.
Clearvue Technologie (CPV): Clearvue Technologies creates photovoltaic and nano-technology to produce clear glass that generates electricity, allowing the natural light to pass through unaltered.
Irismetals (IR1): Iris Metals Limited is a hard rock Lithium miner in South Dakota, USA, as well as gold, nickel, and lithium in Western Australia.
Loyal Lithium Ltd (LLI): Loyal Lithium Ltd is a battery metals miner with a controlling stake in the Hidden Lake Lithium Project in Yellowknife, Northern Territories of Canada, through a joint venture with Patriot Battery Metals, also listed on the ASX.
RIC Trend ASXApproaching trendline (orange) while just sitting above the 200ema with a bit of resistance around that area.
Last couple candles closed above all emas with wicks touching the down trendline. Price reaching an area of confluence with the trendlines and ema's interacting with that S/R line @1.970
ASX Top 10 Momentum Stocks: 11 August 2023 - Finer Market PointsASX:AW1 NYSE:RDN ASX:GMN ASX:WC8 ASX:AZS NYSE:TNC ASX:MGU FWB:LLI ASX:LDX ASX:IR1
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:
Americanwestmetals (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Raiden Resources Ltd (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 WA Pilbara region and also involved in Copper-gold exploration in Serbia and Bulgaria.
Gold Mountain Ltd (GMN): Gold Mountain Limited is a copper-gold-molybdenum miner exploring deposits in Papuan Mobile Belt (PMB) in Papua New Guinea and lithium deposits in Lithium Valley in Brazil.
Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.
True North Copper (TNC): True North Copper Limited is a mineral exploration company focused on copper projects.
Magnum Mining & Exp (MGU): Magnum Mining & Exploration is a miner in the US, Nevada, and West Virginia, focusing on iron ore concentrate and green pig iron production for steelmakers.
Loyal Lithium Ltd (LLI): Loyal Lithium Ltd is a battery metals miner with a controlling stake in the Hidden Lake Lithium Project in Yellowknife, Northern Territories of Canada, through a joint venture with Patriot Battery Metals, also listed on the ASX.
Lumos Diagnostics (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.
Irismetals (IR1): Iris Metals Limited is a hard rock Lithium miner in South Dakota, USA, as well as gold, nickel, and lithium in Western Australia.
QBE ASX Stock possible daily breakout into 2013 gap level Full disclosure I own this stock and been a long term investor for years, as per previous posts
Noticed there may be a short term breakout unfolding now with a target that coincides with a 2013 gap close level
Not going to buy it personally as I have 3 lots in this already but thought I would point it out
This may offer close to a 4:1 R:R ratio
ASX Top 10 Momentum Stocks: 8 August 2023 - Finer Market PointsASX:AW1 ASX:AZS NYSE:BDX NYSE:RDN ASX:CAV AMEX:LIT EURONEXT:ASM FWB:LLI TSX:XAM ASX:TGM
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:
Americanwestmetals (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.
Bcaldiagnostics (BDX): Bcaldiagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.
Raiden Resources Ltd (RDN):
Carnavale Resources (CAV):
Lithium Australia (LIT):
Australian Strategic Materials Ltd (ASM): ASM is an emerging vertically integrated producer of critical metals for new growth industries, high technologies, and sustainable energy solutions. Their "mine to metals" business model involves mining and refining critical metal oxides from the Dubbo Project, containing rare earths, zirconium, niobium, and hafnium, and processing them into high-purity metals and alloys at their metals plants.
Loyal Lithium Ltd (LLI): Loyal Lithium Ltd is a battery metals miner with a controlling stake in the Hidden Lake Lithium Project in Yellowknife, Northern Territories of Canada, through a joint venture with Patriot Battery Metals, also listed on the ASX.
Xanadu Mines Ltd (XAM): Xanadu Mines Ltd is an exploration and development company focused on copper and gold projects in Mongolia.
Theta Gold Mines Ltd (TGM): Theta Gold Mines Ltd is an Australian gold mining company with projects in South Africa.
Redox: A Mid- to Long-Term InvestmentShould You Buy Redox Stock?
Redox is an Australian chemical distributor that recently went public. The company raised A$402 million ($267.29 million) in its IPO, and its shares opened slightly below their issue price on the Australian Securities Exchange.
So, should you buy Redox stock?
There are a few factors to consider. First, Redox is a well-established company with a strong track record. The company has been in business for over 50 years, and it has a wide customer base in Australia and New Zealand.
Second, Redox is in a growing industry. The global market for chemicals is expected to grow by 4.5% per year over the next five years. This growth is being driven by a number of factors, including the increasing demand for chemicals in the manufacturing and healthcare industries.
Third, Redox is a profitable company. The company has been consistently profitable over the past few years, and it has a strong balance sheet.
However, there are also two risks to consider before buying Redox stock. First, the chemical industry is cyclical, so the stock price could be volatile. Second, the company faces some competition from other chemical distributors.
If you are looking for a long-term investment in a growing industry, then Redox could be a good option for you. However, if you are concerned about the risks associated with the chemical industry, then you might want to consider other investments.
How Buying Call Options Can Help You Make Profit
One way to make profit from buying Redox stock is to buy call options. Call options give you the right to buy a certain number of shares of a stock at a specific price on or before a certain date. If the stock price goes up above the strike price of the call option, then you can exercise the option and buy the shares at the strike price, which will give you a profit.
For example, let's say you buy a call option with a strike price of $2.55 and an expiry date of 1 month. If the stock price goes up to $2.75 in 1 month, then you can exercise the option and buy the shares at $2.55, which will give you a profit of $0.20 per share.
However, it is important to note that call options are risky investments. The stock price could go down instead of up, in which case you would lose money on the option. Additionally, the option will expire worthless if the stock price does not go above the strike price by the expiry date.
Therefore, it is important to do your research before buying call options and to only invest money that you can afford to lose.
Risk Warning
Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses.
Conclusion
Whether or not you should buy Redox stock is a personal decision. There are a number of factors to consider, including your investment goals, risk tolerance, and the overall market conditions. If you are considering buying Redox stock, I recommend that you do your own research and consult with a financial advisor.
Rating: Buy
Risk Disclaimer!
The article and the data is for general information use only, not advice!
The Trade Academy Team
Risk Disclaimer!
General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
ASX Top 10 Momentum Stocks: 4 August 2023 - Finer Market PointsASX:AW1 ASX:AZS NSE:RBL FWB:CCX BSE:PCL ASX:3DP EURONEXT:ASM NASDAQ:NXL ASX:GCY ASX:LLI
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:
Americanwestmetals (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.
Redbubble Limited (RBL): Redbubble Limited runs an online marketplace that connects independent artists with customers who can buy an array of customizable products, namely, but not limited to apparel, houseware, calendars, canvas prints, greeting cards, photographic prints, posters, scarves, stickers, through to throw pillows, and bags.
City Chic Collective (CCX): City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U. S. through various brands, such as Millers, Crossroads, Katies, Autograph, and Rivers.
Pancontinental Energ (PCL): Pancontinental Energy is an oil and gas explorer with projects in Namibia and Queensland.
Pointerra Limited (3DP): 3DP provides cloud-based data processing services with a focus on its 3D geospatial data technology. Through a service solution, end users are helped with managing, distributing, and visualizing massive point cloud data sets from mining, electrical grids, and other infrastructure projects.
Australian Strategic Materials Ltd (ASM): ASM is an emerging vertically integrated producer of critical metals for new growth industries, high technologies, and sustainable energy solutions. Their "mine to metals" business model involves mining and refining critical metal oxides from the Dubbo Project, containing rare earths, zirconium, niobium, and hafnium, and processing them into high-purity metals and alloys at their metals plants.
Nuix Limited (NXL): Nuix Limited specializes in developing a software platform designed to process unstructured data. Its platform caters to various areas, such as criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. Based in Sydney.
Gascoyne Res Ltd (GCY): Gascoyne Resources Ltd has their flagship Dalgaranga Gold Project in WA that was placed on care and maintenance in Q4 2022, including its modern 2.5Mtpa processing plant, surface infrastructure, and resource base. Now (July 23) GCY is focusing on the Never Never discovery, located less than 1km from the processing plant.
Loyal Lithium Ltd (LLI): Loyal Lithium Ltd is a battery metals miner with a controlling stake in the Hidden Lake Lithium Project in Yellowknife, Northern Territories of Canada, through a joint venture with Patriot Battery Metals, also listed on the ASX.