Rypieee
Founder @ Alpha Insights
- Joined
- 22 September 2015
- Posts
- 175
- Reactions
- 153
What a nice little surprise today, checking back into ASF
I wouldn't put so much emphasis on my stock picking ability however, owe a lot more to both, Lady Luck, and Mr. Time.
Will roll APX forward for the June competition, but this time on technical analysis
Pattern/signal is a volatility compression pattern, following the run up into the AGM. Stock now on the radar of institutional investors/reclaiming the spotlight - more eyes on the stock = more impending buy orders coming. Had about 1-2 weeks for the market to absorb the short term sellers (post-rally in price). Have held up significantly well on abating volume since, allowing its order book to tighten up once again.
The white dots are what i think price trend will be. A dog's sketch of this would also hold equal weighting in guessing price trajectory, however.
If we net a $1.20 entry for June, with a 1 month timeframe, and a $1.80 resistance level from the 200d MA, that's about 50%? Not bad.
Fundamentally, story is unchanged from the last time i spoke about it. If anything, slight reinforcement from NVDA's quarter result 2 nights ago - affirming Chinese AI firms and chip manufacturer doing fine without US chips. Strong Chinese AI market = Strong APX pipeline of work. No further catalyst expected until - possibly late July, if company issue out profit upgrade. Otherwise, August reporting season.
-End of APX-

If i can do a non ASX-listed stock, I would like to submit Hasbro Inc. instead
Been working on this investment thesis for the last week or so. Report is attached to this post 
Will roll APX forward for the June competition, but this time on technical analysis
Pattern/signal is a volatility compression pattern, following the run up into the AGM. Stock now on the radar of institutional investors/reclaiming the spotlight - more eyes on the stock = more impending buy orders coming. Had about 1-2 weeks for the market to absorb the short term sellers (post-rally in price). Have held up significantly well on abating volume since, allowing its order book to tighten up once again.
The white dots are what i think price trend will be. A dog's sketch of this would also hold equal weighting in guessing price trajectory, however.
If we net a $1.20 entry for June, with a 1 month timeframe, and a $1.80 resistance level from the 200d MA, that's about 50%? Not bad.
Fundamentally, story is unchanged from the last time i spoke about it. If anything, slight reinforcement from NVDA's quarter result 2 nights ago - affirming Chinese AI firms and chip manufacturer doing fine without US chips. Strong Chinese AI market = Strong APX pipeline of work. No further catalyst expected until - possibly late July, if company issue out profit upgrade. Otherwise, August reporting season.
-End of APX-

If i can do a non ASX-listed stock, I would like to submit Hasbro Inc. instead