buying NXL with stop at 6.00Getting exposure to high volume low value stocks with the overall good mkt sentiment. while this is more risky trading returns are also high on these shares. NXL has show great Alpha move and after consolidating few days looking to move up gain. taking a small exposure with decent stop to see how it will play out.
NXL trade ideas
Finer Market Points: ASX Top 10 Momentum Stocks: 20 Aug 2024ASX:APX ASX:LRV NYSE:WTM ASX:NXL ASX:MEK GETTEX:CYL ASX:MME GETTEX:AWJ NYSE:PDI ASX:ZIP
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:
Appen Limited (APX)
Larvotto Resources Limited (LRV)
Waratah Minerals Limited (WTM)
Nuix Limited (NXL)
Meeka Metals Limited (MEK)
Catalyst Metals Limited (CYL)
MoneyMe Limited (MME)
Auric Mining Limited (AWJ)
Predictive Discovery Limited (PDI)
Zip Co Limited (ZIP)
$NXL badly beaten tech dogs bouncing $1 squeeze?Decent ann recently saw this one bounce.
But so badly beaten down hard to know if it will rise again. If it does, long way up to even the 200 day - $1.10. Shorts have covered, but not sure that makes much difference on this one.
This could easily run hard into christmas, or not.
NXL.ASX_Bearish Breakout Trade_ShortENTRY: 1.1501 (average)
SL: 1.285
TP: 1.055
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown with high volume today from range since 21 Jan 2022
- Entry based on today breakdown from range >3% with volume
NXL - Trade PlanNXL has showed strength by breaking the downward sloping trendline with High Volume indicating that is expected to move higher. My target on this trade will be $3.30 level, its Resistance level for a potential 15% gain.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NXL.ASX_Range Breakout Trade_ShortENTRY: 3.13
SL: 3.56
TP1: 2.91
TP2: 1.90
- ADX>20
- RSI<50,RSI<30
- Daily RS N/A
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS N/A
- Weekly FFI -ve
- Weekly MACD N/A
- Continue to short yesterday after high volume red candle but didn't like the reversal today with high volume
NXL - Possible Turn Around?NXL after being hammered down could be possibly turning around because of the recent Bullish Price Action coupled with a break out of the Bearish Trendline with High Volume and Bulllish MACD. I will be targeting the previous Gap Window and the POC of Volume Profile. My Trade plan is given below:
TP1 - $7.30 (Potentil Gain 23%)
TP2 - $9.00 (Potential Gain 52%)
Stoploss - $4.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.