What Stops a Bullish Trend in its Tracks? | GL1 LLL TYR WHC NHC SHV | The 30 30 List

On the Launch-Pad, fueled up and ready to launch. This week’s Top 30 Quarterly Momentum leaders on the ASX as well as the Top 30 Launch-Pad stocks. Gary Glover looks at his favourite charts from the ASX 30 30 List this week. Exploring the charts to understand the best performers today and those poised for a breakout in the next week or two.

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.

Shares In Play looks at to see what’s behind the strongest gainers on the market’s leading themes.

Mark Minervini’s Volatility Contraction Pattern (VCP) tutorial here:
https://www.arrowsg.com.au/volatility-contraction-pattern-summary

Lithium Breakout Stocks on the ASX:
https://youtu.be/_hBqXQ5kyas

High and Tight Flag tutorial using Small-Cap Miners as exampled is here:
https://www.youtube.com/watch?v=Et0VykVtqDc

Trading Pocket Pivots from Gil Morales and Chris Kacher’s extension of William O’Neil and his CAN SLIM trading methods:
https://youtu.be/hGb8qoe4kaU

Our playlist on technical analysis on US and AU share markets is here:
https://www.youtube.com/playlist?list=PLVMOgaPqrk1vNec2MB8n_C_48oaznRF4N

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.

Start 0:00
Momentum Leaders 1:11
AJ Lucas Group AJL ASX 1:21
Beware of the Distribution Days – Trend Killers 1:53
Stop a Bullish trend in its tracks 3:00
Cronos Australia CAU ASX 3:05
Globallith GL1 ASX 4:13
B Wave breakout – from tight consolidation 5:07
Eat like and Elephant and Sh– like a bird 7:41
Argosy Minerals Ltd AGY ASX 9:07
Leolithium limited LLL ASX 10:10
Neuren Pharmaceut. NEU ASX 11:16
Tyro Payments TYR ASX 11:31
Strandline Res Ltd STA ASX 12:07
Galan Lithium Ltd GLN ASX 12:47
Hawsons Iron Ltd HIO ASX 12:52
Temple & Webster Ltd TPW ASX 13:08
Whitehaven Coal WHC ASX 14:06
Blow-Off Trend Secrets – 3 month move into high 15:17
New Hope Corporation NHC ASX 19:18
Launch Pad Leaders 19:28
Pantoro Limited PNR ASX 19:34
Coronado Global Res CRN ASX 19:40
Nuix Limited NXL ASX 19:51
CRR ASX 22:03
Leolithium limited LLL ASX 22:21
Altech Chem Ltd ATC ASX 22:32
Eastern Resources EFE ASX 22:59
Clover Corporation CLV ASX 23:03
Telix Pharmaceutical TLX ASX 23:12
Develop Global Ltd DVP ASX 23:58
Select Harvests SHV ASX 24:25
Are Coal Stocks running into a blow-off top 26:15
A Few warning signs for me 28:25
Stanley Druckenmiler insights into prior inflationary market environment 29:17
A market for traders 30:54

Other reports linked to the markets are:

Download the Top ASX uranium miners riding that market higher.
https://www.youtube.com/watch?v=_OEhPG2VBWY&t=3s

To see the ASX’s best US miners:
https://www.youtube.com/watch?v=T7Gb0XsWkxY&t=3s

How Tesla are approaching the supply chain issues:
https://www.youtube.com/watch?v=XHHOil0CDJo

[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

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