The Two Best Setups this Repoerting Season
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The ASX's best momentum stocks and launchpad stocks, with Gary Glover. Technical analysis of companies with the strongest movement patterns. Examining several textbook setups, including EOL and DSK, which demonstrated volume contraction patterns (VCPs) and strong breakout characteristics. The discussion covers defense sector stocks like Woodside and ISB, noting increased activity possibly due to global military budget increases. Gary emphasizes the importance of watching volume patterns and maintaining strict trading rules, especially in the current market environment where he's trading lighter due to signs of distribution and weakness. The conversation concludes with analysis of specific stock requests from members, including NEU, DVP, and VEVT, focusing on their technical patterns and potential trading opportunities.
The top momentum and launch pad stocks on the ASX are covered by Gary Glover and Christopher Hall, analyzing top themes and individual company charts. They examined several episodic pivots from recent earnings reports, with Gary highlighting the importance of volume profiles and price action in identifying potential market leaders. Gary shared insights on his "rinse and repeat" trading process, including recent adjustments he's made based on reviewing past trades. They analyzed various chart patterns like cup and handles, volume contraction patterns (VCPs), and discussed using different stop loss strategies. The interview concluded with Christopher mentioning a new playlist of trading insights.
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Market Volume Filters of $50k for the day up to the point of calculating
Scanning less to find the market leaders: Gary covers the Weekly 3030 List for the ASX's Top Momentum shares for the quarter and weekly leaders. Reviewing the List Gary covers the trades he's looking at that are on the Launch-Pad, fuelled up and ready to run. Exploring the charts to understand the best performers today and those poised for a breakout in the next week or two.
Chapters:
0:00 Introduction
1:20 Reporting Seasons and Episodic Pivots
2.00 EOL - Model Book set up
4:30 COV - text book set up
8:00 ARN + DHG
10:40 AQD + SFX
11:30 MYX + MP1 + EOS + ETM
12:40 A2M - Swan on the EP List
13:30 CRS + ARU + EGR
15:30 OML
16:30 TLX - cautious of large reversals
17:40 ALC - Trading at $0.10 and Large volume peak days
22:20 Launch Pad leaders - lots of XKO constituents
22:50 DRO - Over Balance of 3x Ascending Trend Lines
25:40 DSK + EZZ
26:45 APA + LTR + PLS
29:20 KME + HAS + MTM
31:20 PBH + CAA
32:50 NZM + BAP + SUN
35:00 ASB
36:00 Trading Themes and EPs in this market
38:00 Selling 50% at 2x Risk amount
39:30 WOR + WDS + MIN + FBU
43:20 WHC + NHC + CRN + YAL
44:10 RFF - Follow up from Tuesday’s video
44:40 Fold Back Technique
46:30 ETM + MHK + CKF
48:00 NEU + DVP + EVT
Companies discussed today are:
Mayne Pharma Ltd, Sheffield Res Ltd, Ausquest Limited, Sheffield Res Ltd, Domain Holdings Aus, Aldoro Resources, Cleo Diagnostics, Energy One Limited, Aldoro Resources, Domain Holdings Aus, Sheffield Res Ltd, Caprice Resources, Arafura Rare Earths, Ecograf Limited, Ooh!Media Limited, Telix Pharmaceutical, Alcidion Group Ltd, Droneshield Limited, Dusk Group, EZZ Life Science, APA Group, Liontown Resources, The A2 Milk Company, Kip McGrath Edu.Cntr, Hastings Tech Met, MTM Critical Metals, Pointsbet Holdings, Capral Limited, Nzme Limited, Bapcor Limited, Suncorp Group Ltd, Austal Limited, Worley Limited, Woodside Energy, Mineral Resources., Fletcher Building, Whitehaven Coal, New Hope Corporation, Coronado Global Res, Yancoal Aust Ltd, Energy Transition, Metalhawk., Collins Foods Ltd, Neuren Pharmaceut., Develop Global Ltd, EVT Limited.
Finer Market Points connects leading market themes with the best-performing companies for better trading. Finer Market Points is presented by Christopher Hall with Shares In Play looking at the best performing growth shares and ASX small caps riding the tailwind of the industry themes leading the market higher. The Hot stocks to trade now range from ASX 200 blue chips to small tech stocks and mining stocks with the strongest performances.
[Disclaimer: this is not taxation, financial or advice. Seek your own professional opinion on how these investments impact you and your personal circumstances. Presenters may have commercial interests in the investments discussed]
Top6 #FinerMarketPoints #VCP #Markminervini #SharesInPlay Wycoff theory