FOUR shares to watch…two for bulls and two for bears!!

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The ASX has had a good day and got off to a positive start to the new week. But in saying that, stock entry setups are still proving to be allusive as inflation and rate rise jitters continue. Still, hunting around and filtering for my key criteria has dug up a few that are worth watching.

I feel that the ASX could push higher but is waiting for the US to show the way….so I have found two solid Buy Setups that I am watching. If we have a turn for the worse and bears take control….I have that covered also with two shorts.

Below are the four Shares on the ASX that fall within my criteria and have nice price action to keep on the radar. They are not extended, have contracted off highs/lows and still showing signs of demand for the longs and supply for the shorts.

Happy trading!!


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For the BEARS…

CTD – Corporate Travel Management Limited
MIN – Mineral Resources Limited

For the BULLS…

ORI – Orica Limited
IRE – Iress Limited

Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.

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