12 ASX shares to watch for 2023

12 ASX Shares to have on your watchlist that are ready to fire!!

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Below is a list of ASX shares that have been sold off and now look ready to move higher!!

When looking for shares to add to the portfolio, I am always looking for a technical entry when the ‘outcome is unknown‘ giving me the best risk to reward payouts. Over time I have refined my approach to look for key price action criteria; for the particular market or stock that I am looking at; to get me in a position ahead of the herd for a potential rally. For shares, I like to see price go through either a major or minor contractive phase which generally proceeds an expansionary phase…which is where we want to be for a high probability trade.

Below is a list of some shares that I believe are ready to fire as they tick the right boxes for expansion.


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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.

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