Top Daily Stocks - Possibles, Probables and Fakers...

[tech/a]

Barney
I often find great prospects from snaps through IB
but a quick look at the charts culls 90% of them.

I think there are ways of developing a watchlist from them.
technically you could certainly have some conditions.

 

[barney]

but a quick look at the charts culls 90% of them.

100% Tech ....... I am also very "Chart based" with my initial interest in any Stock. (first port of call so to speak)

Probably also fair to say that what "attracts" any given punter to a Chart is often a different set of parameters to other punters!

The great thing about the Market and Technical analysis is how diverse opinions can be on how to trade "the same" Chart.

Yet, depending on Time (time frame), a large % of traders can still achieve a positive result

Stocks (Markets) are essentially Bullish in the long term which is where I think the average punter is able to derive an edge. Not as easily found in Forex for example.
Cheers.

 

[frugal.rock]

HSC (SAAS Stock. Helping Elderly + people with Disabilities. Not my thing, but is a definite follow up if your thing = Probable)

Just a quick one on this.

From a more macro perspective, I believe we have a large change coming in the aged care sector, which will see a large amount of funds directed that way in the next few years, guided by the Royal Commission findings.

I have found it can pay to have an understanding of this style of macro prediction in stock selection.
It's a nice thing to be holding a stock which then becomes the flavour of the month purely due to macro economics and a timely good news announcement...
Often a large amount of patience is required, and often you are not rewarded for your patience.

 

[barney]

Just a quick one on this.

From a more macro perspective, I believe we have a large change coming in the aged care sector, which will see a large amount of funds directed that way in the next few years, guided by the Royal Commission findings.

Yeah Cheers Rock. HSC certainly looked worthy of a follow up even to my uneducated eye. I think if it jumps above the recent short term high at 020 it might generate some legs??

 

[frugal.rock]

Yeah Cheers Rock. HSC certainly looked worthy of a follow up even to my uneducated eye. I think if it jumps above the recent short term high at 020 it might generate some legs??

I should say Barney, I don't have an opinion on the individual stock mentioned either way.
(Haven't looked at it.)
It was just a potential "sector correlated" example, a back of the mind consideration.

Another one to remember is the pot stocks and the start of over the counter cannabidiol (CBD) products being legally available to be sold in Australian pharmacies from 1st July, 2021 for the first time ever.
Thus my (big) long term holding of CGB - Cann Global Ltd.

 

[barney]

I should say Barney, I don't have an opinion on the individual stock mentioned either way.
(Haven't looked at it.)
It was just a potential "sector correlated" example, a back of the mind consideration.

Another one to remember is the pot stocks and the start of over the counter cannabidiol (CBD) products being legally available to be sold in Australian pharmacies from 1st July, 2021 for the first time ever.
Thus my (big) long term holding of CGB - Cann Global Ltd.

Interestingly I still hold CGB as well. Price action has been flat since I bought but nothing sinister just yet. I thought it was going to pop a week or two back but fizzled out.



Had a quick squiz at HSC out of curiousness.

Looks like around $33 million Market Cap with about $4+ million in cash after recent CR and "breaking even with cash in/out flows.

Those numbers for a Spec are pretty good at face value ........ On the watch list

 

[jbocker]

From a more macro perspective, I believe we have a large change coming in the aged care sector, which will see a large amount of funds directed that way in the next few years, guided by the Royal Commission findings.

The baby boomers have moved rapidly into the age of aged care. The boomers through just sheer numbers have changed market sectors throughout their lifetime. I think you are right about large changes in aged care are soon with us, but have the boomers still got the bucks to pay or is it going to be largely welfare funded. It might be hard to screw enough dollars out of aging retirees to fund any dividends.
The outcomes of the commission may shape up the quality of care and flush the pension farmers, which will be a great outcome.

 

[jbocker]

Interestingly I still hold CGB as well. Price action has been flat since I bought but nothing sinister just yet. I thought it was going to pop a week or two back but fizzled out.

CGB not sure if it appeared on your list but would have culled it early as a faker. Sub 1c, ok lots of volume but there has to be when there are 5+ Billion shares on issue. There was also a year long blank on the charts (not bothered to find out why). Is there any validity on number of shares traded against total number of shares on issue, by %? I am thinking not much value initially but maybe later in depth research.

 

[barney]

CGB not sure if it appeared on your list but would have culled it early as a faker. Sub 1c, ok lots of volume but there has to be when there are 5+ Billion shares on issue. There was also a year long blank on the charts (not bothered to find out why). Is there any validity on number of shares traded against total number of shares on issue, by %? I am thinking not much value initially but maybe later in depth research.

Burning the midnight oil there Bock, or up at the crack of dawn

You could certainly put a case for % Shares on issue vs % Shares traded. I assume Pete and Skate may have that kind of filter in some of their systems??

I normally don't like massive SOI and probably jumped the gun a bit with CGB. The 2nd push higher on Volume caught my eye and I am thinking Pot Stocks will likely have another day i the sun. Unfortunately fizzled since. Position size held is relative though so still hopeful it might turn.

 

[frugal.rock]

The baby boomers have moved rapidly into the age of aged care. The boomers through just sheer numbers have changed market sectors throughout their lifetime. I think you are right about large changes in aged care are soon with us, but have the boomers still got the bucks to pay or is it going to be largely welfare funded. It might be hard to screw enough dollars out of aging retirees to fund any dividends.
The outcomes of the commission may shape up the quality of care and flush the pension farmers, which will be a great outcome.

I believe initially around $450 million spend has been tagged over 5 years.

You might like to watch this....that's over 1 hour of your life gone though...I made it to about 12 minutes or so.



Sorry Barney. Don't mean to sidetrack the thread.
Carry on.

 

[tech/a]

Barney what you’ve highlighted here is a very common pattern in a
sideways pattern after a quick rise and retreat.
what we are seeing is supply. This is where supply finds value enough to sell
when and if that supply stops price will rise and test the high
a bit to go in this chart.

 

[barney]

Sorry Barney. Don't mean to sidetrack the thread.
Carry on.

Absolutely no side tracking at all FR ....... Any input is good input. Appreciate your thoughts

Barney what you’ve highlighted here is a very common pattern in a
sideways pattern after a quick rise and retreat.
what we are seeing is supply. This is where supply finds value enough to sell
when and if that supply stops price will rise and test the high
a bit to go in this chart.

Cheers Tech. I was a bit "impatient" on this one in hindsight, as you highlight.

My Entries have/are rarely perfect over the last few years unfortunately. (ie 100% Discretionary)

My saving grace in that time has been respecting the fact that;

"I know" my Entries are generally "average" lol, and therefore;

I either build positions over time (if I like the Stock)

Or use an initial smaller position size. (Lower Risk)

As Dirty Harry said "A man needs to know his limitations"

Anyone Trading needs to respect Dirty Harry

 

[barney]

Hopefully there is enough info above for punters to extract something from the lists.

I'll just post the bare lists of "Top Risers' and "High Volume" Stocks from now on.

Happy to answer any questions if I can, but a quick search through each list will often give a heads up to something worth looking at.

Cheers.

ps. and NB. The Volume data is only ASX data as far as I can see. Probably still relative for the Stocks presented, but for combined Volume Data, please include CHI-X Volume as well


CHI-X Market Data Input relevant Stock symbol



HIGH VOLUME STOCKS Monday 8th March 2021



TOP RISING STOCKS

 

[barney]

High Volume Stocks




Top Percentage Movers

 

[barney]

Wednesday Close 10th March 2021


High Volume Stocks



Top Risers

 

[barney]

Thursday 11th March Top Volume Stocks



Top % Risers

 

[barney]

High Volume Stocks Friday 12th March 2021



Top % Risers

 

[barney]

High Volume Stocks as at 1.25pm



Top Risers 1.25pm

 

[barney]

Nice when you own the one on the top of the list, lol. KP2 behaving nicely this morning

Top Risers Tuesday 16th March

 

[barney]

Top Volume Stocks for today



Top Risers