@gj0201 Here is my take as a trader/active investor. I will trade a few of the microcaps as we discuss here from time to time. But now is not the time for these. Instead I concentrate on strong asx200 stocks or strong upwardly moving stocks that hardly 'blink' in this tough market. You want the strongest names possible. If you look at the ASX200 you will see most have peaked around December last year with stops being activated during January this year..............Long before PB or Redbacka came on to warn us about the DOW. (the DOW and US market are OK to monitor daily or preferably weekly, but the action right under our very noses is where we should be concentrating.) Astute traders (not on this thread) were telling us of detiorating conditions long before any 'genious indicator' showed it here. You need to act fast and to do that you need to develop your own skills. Following anyone is a recipe for disaster. I don't normally post on stocks as mainly I follow my own lists, created over time through market observation, and of course the thoughts of other respected posters here and elsewhere. There is no need to re-invent the wheel.
But as you are a consistant poster and a good one I will share my current list with you. Have a look at each stock and see what I am looking at. These are all the strongest names from the ASX200 and being the STRONGEST gives me the confidence to take a position right now.
All these are in a strong current uptrend as judged by the 10/20/30 ema's in a rising trend.
These all recovered from hitting or just falling below the 30 day ema during the market turbulance.........
A2M, ALU, BPT (just), CWN, JBH, NXT, RIO, RMD, SEK, WHC and WTC.and outside the ASX200 I must mention PNV
This lot were even stronger as they recovered from the 20 day.....
ANN, CSR, EVN, FBU, FLT, SDA, SGR, SVW, TWE,
And these were the strongest as they held or recovered the 10 day ema.....
JHX,SHL and outside the ASX200 I must mention RBL
There are 2 other stocks of interest FMG, PRY that are on my list as a possible future breakout from a significant down sloping trendline. A break above that line should prove lucrative.
So, there you have it. A complete list of tradable stocks, here and now, from all the listed companies. That's what you need to do. Look, look and look. Look for strong stocks.
And probably out of all those NEC, SGR, SHL, SVW, WHC, RBL and PNV are my favs.
Go and do your own research, put the 10/20/30 day ema's on the charts and at least see what I'm looking at. You only need 2 or 3 stocks to trade in this market so be selective. (OK, more stocks for some folk)
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