Momentum Investing Opportunities.

[lorraina]

https://stockhead.cmail19.com/t/d-l-exjtdd-yupddjlly-m/

AMO Ambertech gets a mention.
A recent purchase  for me.

[KW]

HPG HiPages.
Lovely chart set up.  Coming off a long base, with a double bottom.  All MAs in alignment, with a Golden Cross (50 day MA over the 200 day MA). Increasing volume indicating fund flow, and a breakout on volume through prior resistance levels. 

Fundamentals are improving, with cashflow and profitability becoming positive this year off the back of growth in both earnings and margin. 

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[KW]

360 - a breakout to end all breakouts 

CY23 Financial Highlights
• Revenue of $305 million, a YoY increase of 33%
• Core Life360 subscription revenue2 of $200 million, up 52% YoY, ahead of guidance for more than a 50% YoY increase; • Net loss of $28.2 million, a $63.5 million improvement from CY22;
• Positive Adjusted EBITDA of $20.6 million ahead of guidance of $12 million - $16 million, with consistent Positive Adjusted EBITDA delivered in each quarter of CY23;
• Positive Operating Cash Flow (OCF) of $7.5 million, a $64.6 million improvement versus CY22;
• Year-end cash, cash equivalents and restricted cash of $70.7 million up from $63.7 million at the end of Q3'23


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360 is now listed on the Nasdaq, so will directly benefit from the US tech uplift (assuming there is some outside of NVIDIA lol)

Uptrend has resumed, after a small sell off pre-Nasdaq IPO but heading higher again.  I took it as an opportunity to top up  my holding. 

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[KW]

A good example of just how potent a resistance level can be. 

HUB had a crack at its resistance in Feb last year but was unsuccessful, but a second attempt in August was.  Later during a pullback that resistance level was tested, and as it should, it held and became a support level.  From there, onwards and upwards.

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Let your winners run.  Cut your losers. 

HUB has pulled back twice since its initial breakout, providing impetus for further runs.  These present additional entry points.

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[Mr Cashflow]

Despite hitting all time-highs there were momentum trading opportunities in many markets. Next, we may get bear market. That's where we get our next opportunities. 

[Mr Cashflow]

Nasdaq is not looking good. Sell-off could spread to other markets NEXT.

[Breezy]

Nasdaq is not looking good. Sell-off could spread to other markets NEXT.

Hello doom bot, how are you?

[Mr Cashflow]

Hello doom bot, how are you?

So far so good. How about you? I saw multiple signs of weakness in markets. Acted accordingly by rebalncing my portfolio while raising some cash too & taking positions in 2 bear ETFs as well. For me my move was not bad.

[ValueNZ]

So far so good. How about you? I saw multiple signs of weakness in markets. Acted accordingly by rebalncing my portfolio while raising some cash too & taking positions in 2 bear ETFs as well. For me my move was bad.

Too funny. Doom bot is likely owned by the same person that owns the Valuegrowth bot on Sharetrader.

[Buzz]

Too funny. Doom bot is likely owned by the same person that owns the Valuegrowth bot on Sharetrader.

Straight onto the ignore list, no mucking around.

[KW]

Nasdaq is not looking good. Sell-off could spread to other markets NEXT

This isnt a market wide selloff - its the Mega Caps.  Currently there are more S&P500 companies hitting new 52 week highs than hitting new 52 week lows.  There is a rotation from Mega Caps to small and mid caps going on.  So don't worry about the indexes, its the individual stock charts you want to be watching.  Leaders lead.  By the time enough leaders have broken out to move the index, you'll have missed all the action.

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[KW]

Here is where all the action is - the Russell 2000 (aka the small cap index).  Its broken out of its base that its been stuck in since December 23.  Here is where you want to be hunting the stocks that are beating the general market.



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[KW]

After a big run (especially in small caps) and a market blow off looking increasingly likely, it is timely to have a discussion about what to do when you are sitting on big gains, and don't want to give them back to the market. 

David Ryan discusses this here https://www.youtube.com/watch?v=7yuB7KMz6yQ

Personally, I have a large number of stocks that have just hit new highs, and they are a long way from any technical support level that I would normally use to set stop losses (eg. 200 day MA, last support/resistance level, or even a cross of the 13/50 day MAs).  So I may need to implement a different sell methodology.  Because its better to be sitting on cash waiting for stocks to come out of a Stage One base, then it is to sit through a Stage Three top, and a Stage Four downtrend.

[Left Field]

David Ryan discusses this here https://www.youtube.com/watch?v=7yuB7KMz6yQ

Personally, I have a large number of stocks that have just hit new highs, and they are a long way from any technical support level that I would normally use to set stop losses (eg. 200 day MA, last support/resistance level, or even a cross of the 13/50 day MAs). 

Thanks for posting incl the link to TWR.NZX

I'm in a similar position particularly your comment in bold above, and am keenly watching.

The market updates/results due mid to late Aug will guide a review of my holdings based on FA as well as the TA and I anticipate making corresponding changes/adjustments in my portfolio accordingly.

[KW]

Thanks for posting incl the link to TWR.NZX

I'm in a similar position particularly your comment in bold above, and am keenly watching.

The market updates/results due mid to late Aug will guide a review of my holdings based on FA as well as the TA and I anticipate making corresponding changes/adjustments in my portfolio accordingly.

Funnily enough, when you ask the question, the Internet delivers :-)

Stan Weinstein (absolute legend) just popped up on the TraderLion Conference discussing EXACTLY this!  So here you go.  A brilliant analysis of the current state of the market, and what to do when stocks begin to roll over.  

https://youtu.be/p6DFeXHqtsc?si=osf0odNNXgwVswLP

Come Monday, I am going to have a long hard look at my portfolio and set some stops while sitting in the airport lounge, and then I'm taking a vacation as Stan recommends