Can the Strongest Stocks Keep Running into EOFY | The ASX 30 30 List
ฝัง
- เผยแพร่เมื่อ 19 มิ.ย. 2024
- 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.
Gary Glover maintains his 4 most important trading lessons that helped him produce his best trading returns yet; The importance of Focusing on the right strategies, being in the right areas of the market, scaling into positions, risk management and a bonus insight of how insightful reviewing your trades can be.
Market Leaders make new highs on the ASX as their momentum carries the share prices higher. Understanding the leaders is the first start to identifying the next leaders. Surfacing top trading shares on the ASX by combining two leading scanning and filtering tools. William O'Neil's Relative Strength Index (RS Index) and Mark Minervini's Volatility Contraction Pattern (VCP) are two of the most highly regarded filtering methods to find the market's best trading shares. Applying these scans to the ASX to find a shortlist of trading shares to review.
ASX trading history shows that the strongest rallies have come from the Small-Cap miners, out-performing the larger caps that contribute to the theme help drive the market as the ASX200 reaches new highs. Investors Business Daily publish RS Index data for the US, although this data is harder to come by for the ASX. Finer Market Points looks at the best small-caps to understand their charting patterns, volume, timing, and gains to find Pocket Pivots, Volatility Contraction Patterns, Buyable Gap Ups, and High and Tight Flags along with RS Index and VCP scanning. These are used in conjunction with canslim (CAN SLIM) and Wyckoff's theory.
Companies discussed today are:
LPM asx, DRO asx, AKM asx, BIO asx, DRE asx, EZZ asx, CAT asx, CU6 asx, HLS asx, TYR asx, SPR asx, ACL asx, SKS asx, FND asx, SXE asx, WGX asx, SHL asx, M4M asx, CSL asx, ZIP asx, MMC asx, ANN asx, LGM asx, IRI asx, CMM asx, COH asx, JIN asx, AD8 asx, NEU asx, WA1 asx, CXL asx, RCR asx
Lithium Plus, Droneshield Limited, Aspire Mining Ltd, Biome Australia Ltd, Dreadnought Resources Ltd, EZZ Life Science, Catapult Grp Int Ltd, Clarity Pharma, Healius, Tyro Payments, Spartan Resources, Au Clinical Labs, SKS Tech Group Ltd, Findi Limited, Sth Crs Elect Engnr, Westgold Resources., Sonic Healthcare, Macro Metals Limited, CSL Limited, ZIP Co Ltd.., Mitremining, Ansell Limited, Legacy Minerals, Integrated Research, Capricorn Metals, Cochlear Limited, Jumbo Interactive, Audinate Group Ltd, Neuren Pharmaceut., Wa1Resourcesltd, Calix Limited, Rincon
Gary’s Magnificent 7 (ASX) Breakdown:
7x ASX Best Momentum Stocks | DRO GTK CU6 SPR WA1 NXL BMN
The World’s Best Traders Review:
How to Achieve Tripple-Digit Gains | The World’s Best Traders
Mark Minervini's Volatility Contraction Pattern (VCP) tutorial here:
www.arrowequities.com.au/vola...
Lithium Breakout Stocks on the ASX:
• Lithium breakouts | VC...
High and Tight Flag tutorial using Small-Cap Miners as exampled is here:
• Charting Tutorial | th...
Trading Pocket Pivots from Gil Morales and Chris Kacher's extension of William O'Neil and his CAN SLIM trading methods:
• Pocket Pivot Tutorial ...
Our playlist on technical analysis on US and AU share markets is here:
• Gary Glover
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
Great insights. Thank you both.
Glad you enjoyed it!
Thanks for the video 👍
Thank you !
Good show but always review after the run.
Love your work Gents. Thank you!
Much appreciated!
Interesting that you mentioned "the winners keep winning and losers keep losing" in my own portfolio , all the bottom basket pics are further down than before and the ones that were bought at higher prices are actually holding or higher. the lessons never end , but the struggle is always with the mindset..
Too true. Gary always gets a lot out of reviewing his trading diary and reflecting on the trade setups and frequencies. Hindsight helps, as well as not having the pressures of market hours and live trading.
Thanks guys.
Our pleasure!