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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!!
Braden
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