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ASX shares to put on the watchlist!!
The markets have been tough with a lot of ASX shares failing to exhibit the price action to warrant a trade. The US continues to fight with inflation while our Local RBA admits that they got it wrong in a previous inflation assessment. Either way you look at it, shares have been very contained which is a far cry from the previous years ‘buy the dip’ mentality.
Below are some shares that I am watching that fall within my criteria for entry. It is still early stages for many but the price action is showing some positive signs. I do feel that the ASX200 is due for a pullback and then lets see if buyers can hold a higher level.
Happy Trading,
Braden
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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.