ASX Top 10 Momentum Stocks: 20 Sept 2023 - Finer Market Points4Ds Memory Limited (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
Raiden Resources Limited (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.
Alligator Energy Limited (AGE): Alligator Energy Limited is involved in exploration for Uranium and other energy minerals in Australia's WA, NT, and SA for U and ISR, as well as Italy for Ni Co Cu Au and PGE.
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.
Southern Cross Gold Ltd (SXG): Southern Cross Gold Ltd is a gold miner in VIC goldfields of Sunday Creed, Redcastle, Whroo, plus Mt Isa in QLD.
Belararox Limited (BRX): Belararox Limited is a clean-energy-focused miner exploring for Cu, Zn, Au, Ag, Ni, Pb in NSW, WA, and Argentina.
Spartan Resources Limited (SPR): Spartan Resources Limited, formerly known as Gascoyne Resources, is focusing on the Never Never discovery, located less than 1km from the processing plant in WA.
Arovella Therapeutics Limited (ALA): Arovella Therapeutics Limited is involved in the development of therapeutics for the treatment of fibrosis and other chronic diseases.
Clearvue Technologies Limited (CPV): Clearvue Technologies Limited is a solar technology company focused on the development of solar window glass.
Healthia Limited (HLA): Healthia Limited is a healthcare company that operates podiatry, physiotherapy, and other allied health clinics.
CPV trade ideas
Is a move to 30c on the cards??CPV is of interest right now. The macro environment for the ASX shows some bullish momentum building so there may be some appetite for some risk-on money into smaller cap/penny stocks.
I won't go into the fundamentals, but H1 2023 appears to be the timeframe for CPV to convert pipeline into virgin revenue. Their core offering - which is a patented clear solar glass - is being evaluated by various bodies, and their hope would be that a positive outcome would be the precursor to a flow of sales orders. They have presence in North America which may become a core sales territory for them.
So we have a 45M market cap stock on the (hopeful) advent of revenue generation and that equates to 217M current shares on offer. Nice that it hasn't suffered from dilution.
The current price action shows price caught in a falling wedge, almost touching its 61.8 Fib retracement (from March 2020 low to its all time high of 99c). Money Flow shows ongoing accumulation during the correction and this week's bar showed price moving up above a short term zone of resistance. In fact there's not that much volume traded until we get to 28c so if momentum continued, we might expect prices to test 30c. Expect significant supply from 28c to 32c. The Stochastics arent necessarily positioned to show upside bias - its certainly a fledgling move at present and may be of interest to those with some risk appetite.
CLV:ASX - CLEARVUE TECHNOLOGIES - Glass into Solar PanelsI like the idea that ClearVue Technologies produces clear glass that generates electricity as well as that they are happy to grow their business through licencing and royalty payments (I've been watching too much of Kevin O'Leary aka Mr Wonderful on Shark Tank). Looking at all the sky scrapers and buildings in modern cities you know at some stage they will all become giant solar arrays. Up just under 500% since their March lows, but still a long way way from their previous all time highs I like the idea. They just need some more sales on the board. Could be worth a watch.
Clearvue Technologies - what next ?The price has previously hit .46c and retracted to the .618 fib level in July -Aug 2018. It is now back at .46c and the rising channel is supported by the 50 day MA. Will it break thru or retract ? If it breaks thru with a strong momentum, we are looking at price making new highs, probably after a retest of the .46c level.