Nothing much to see here
Markets remain choppy and capital allocation remains focused ... difficult times indeed.
There’s not a whole lot to see this week. Indices remain somewhat neutral-bullish (aka small windows of upside but otherwise trendless). Capital remains focused on certain pockets of the market like tech and sectors such as lithium and resources are starting to turnaround.
Week in Review
Sectors in Review
Weekly Watchlists
My charting process involves manually going through 200-500 charts a few times a week. My filter is quiet simple: The stock must trade above its 200-day moving average and trade above 1 cent.
The charts are then categorised into three categories (we’ll call them 1, 2 and 3).
1: Top tier set ups trying to break out, high-profile stuff to watch over the next few days (sometimes 1s that break out will stay here for a week or two)
2: Set ups that need a little bit more time or not quiet there yet
3: Stuff that’s already broken out (e.g. might’ve been 1/2 in previous weeks) or interesting charts that aren’t my style
The charts below typically come from (1).
Here’s the link to all of this weeks charts (txt format for TradingView)
Stocks of Interest
A2B Australia (A2B): Holding early April gap up. Basing with vol drop.
Audinate (AD8): Base - has been on this watchlist for over a month.
Anson Resources (ASN): It’s a little suss if the broader lithium sector is moving out whilst this name lags behind a little bit. Still a base nevertheless.
Corporate Travel (CTD): Another base that’s holding a gap up.
Evergreen Lithium (EG1): IPO base.