AudinateBig watch on ASX:AD8 on a pretty strong support level. Could make a case for a triple bottom already, but I'm looking for a stronger touch. Kumo twist.
Sideways consolidation on the daily.
Coming up to testing the top of the cloud as support on the weekly.
Don't mind the idea of buying here or DCA'ing for a period of time.
Really interested to see what the price action will be like heading into 'Earnings & Revenue'. Of particular interest will be any progress made in the video space that has been much hyped.
I haven't kept up enough with the news or the outlook to know when there is an expectation of revenue growth from this area.
AD8 trade ideas
ASX Top 10 Momentum Stocks: 6 Sept 2023 - Finer Market PointsASX:4DS NYSE:RDN ASX:WC8 ASX:LDX LSE:ARV SET:STP NASDAQ:BVS ASX:OAU FWB:AD8 ASX:EML
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:
4Ds Memory Ltd (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
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 the WA Pilbara region and also involved in Copper-gold exploration in Serbia and Bulgaria.
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 Holdings Ltd (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.
Artemis Resources Ltd (ARV): Artemis Resources Ltd is involved in mineral exploration and development with a focus on gold, base metals, and strategic minerals projects in Western Australia.
Step One Clothing Ltd (STP): Step One Limited runs the direct-to-consumer online retailer for underwear.
Bravura Solutions Ltd (BVS): Bravura Solution Limited provides software solutions for the wealth management, life insurance, and transfer agency industries.
Ora Gold Ltd (OAU): Ora Gold Limited holds tenements in the Murchison Gold Fields of WA.
Audinate Group Ltd (AD8): Audinate Group Limited is a digital audio-visual networking technologies company, known for its Dante media networking solution.
EML Payments Ltd (EML): EML Payments Limited is a company in the payments industry, offering prepaid and gift card solutions, as well as digital banking and mobile payment services.
ASX Top 10 Momentum Stocks: 29 August 2023 - Finer Market PointsASX:4DS NYSE:RDN ASX:WC8 SET:STP FWB:AD8 FWB:LLI ASX:EOL ASX:LDX MIL:EMV NASDAQ:BVS
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:
4Ds Memory Ltd (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
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 the WA Pilbara region and also involved in Copper-gold exploration in Serbia and Bulgaria.
Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
Step One Clothing Ltd (STP): Step One Clothing Limited runs the direct-to-consumer online retailer for underwear.
Audinate Group Ltd (AD8): Audinate Group Limited is a digital audio-visual networking technologies company, known for its Dante media networking solution.
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.
Energy One Ltd (EOL): Energy One Limited specializes in the development and supply of software solutions for the energy market.
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.
Emvision Medical Devices Ltd (EMV): Emvision Medical Devices Ltd develops and commercializes medical imaging technology for the assessment of brain injuries and stroke.
Bravura Solutions Ltd (BVS): Bravura Solutions Limited provides software solutions for the wealth management, life insurance, and transfer agency industries.
AD8 - Bullish ADL Divergence exampleASX:AD8
Bullish ADL Divergence is when the ADL is trending upwards while price is trending down. ADL trending up shows an increase in buying pressure (Accumulation). Assuming volume does precede price, a reversal in price definitely seems possible.
Anticipate for the price action to reverse into a major uptrend eventually as accumulation pressure increases.
AD8 - Trade PlanAD8 has moved higher with strength and momentum. It may retrace lower for a retest which may be a good buying opportunity as the chart looks promising. My Buy Zone is between $.8.20 - $8.80 where I will monitor price action to ride the swing higher. Lets see how it progresses, worth a watch.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AD8 - Get ready for it to breakout!!Key Technicals - Symmetrical triangle pattern suggesting there could be some nice upside in AD8 ( roughly 30%). Looking to enter a Breakout of triangle pattern. Trend to continue bullish if we break the high side.
Key Fundamentals - Plenty of growth as AD8'S products are becoming more of a necessity rather than a luxury.
asx.api.markitdigital.com
AD8 - Growth stock - Chart says its ready to breakout.Could be a good time to get into AD8. Not my fav setup but looks promising.
Technicals - Ready to break high that presented back in June, AGM was meet with positivity resulting in high volume. Looking to get in on breakout.
Key Fundamentals - 2020 - 2024 research forecast that demand will triple for networked audio.
From latest AGM asx.api.markitdigital.com
$AD8:ASX - AUDINATE GROUP LIMITED - Through resistanceAD8 showing some good strength post its latest AGM. Up through that resistance area, might need a retest, but looks like it has some momentum behind it with a strong secondary bolly breakout. Quite a bit of upside to old levels. Could be worth a watch.
AD8 breaks critical resistance at 6.30AD8 breaks critical resistance at 6.30 but faces another challenge at the 7.00 mark.
Share prices broke through critical resistance at 6.30 with a high volume in yesterday's session but looked like it's going to face another challenge at the resistance level around the 7.00 mark, which was an active point where prices failed to continue June 2020.
Share prices need to break and hold above 7.00 to continue to the next target at around 8.15-8.43; if it fails, then expect to see prices fluctuate around 7.00 to 6.00, which could be an opportunity to buy at a lower price range
The current critical support and resistance estimates on the price chart are based on my indicator, predicting future price movements based on price action.
Critical support level estimates - 6.75, 6.47, 6.30, 6.00, and 5.85
Critical resistance level estimates - 7.00, 7.31, 7.60, 7.87, 8.18, and 8.43
$AD8 - AUDINATE GROUP - Smashing old highsPerforming well with some nice volume behind it. Closed at $5.09. Has some good market depth on the buy side behind it so I think we will see it continue up. Worth a watch.
Audinate Group Limited is an Australia-based provider of professional audio networking technologies globally. The Company is engaged in developing both software and hardware to facilitate the delivery and management of audio over information technology (IT) networks, which improves audio quality, equipment interoperability and system flexibility. Its Dante solution is an uncompressed, multi-channel digital media networking technology, with near-zero latency and synchronization. Its products include Dante Analog Output Module, Dante Broadway, Dante Brooklyn II, Dante Brooklyn II PDK, Dante Controller, Dante Domain Manager, Dante HC, Dante PCIe-R Soundcard, Dante Ultimo, Dante Ultimo Product Development Kit (PDK), Dante Via, Dante Virtual Soundcard and Dante-MY16-AUD2. The Dante Analog Output Module is a Dante audio to analog audio adapter module, supporting one RJ45 Dante input, and one or two balanced analog outputs.