Contests like this favour the fundamental analysts who are lucky enough to pick a low value stock with promise who do kick a goal and their price rockets. As a chartist I’ve got a bit of a handicap in that charting won’t predict long term goal kickers – it’s more accurate in seeing short/medium term potential. So no hope of winning (maybe the wooden spoon) but in the interest of supporting the forum here’s my ‘pin the tail on the donkey' selections.
I scanned the ASX300 for stocks coming off a significant low and have a chart that suggests they might come back from the dead. I found 13 but the following seemed to offer the most promise.
PDN Lower value stock – so more chance to move up
RRL Coming of a large price channel low – something it has moved up strongly from previously
SPL At a low and should go higher – especially if its products under development get traction
WEB Could be a winner once COVID morphs into just another common cold and people stop worrying about travel (a lot of pent up demand.
@Sean K and @finickyI would pick all these too. But I think I'll pip you, just because my picks are unloved turds that can't go too much lower.
Agreed that T/A should do OK - just not as well as F/A I suspect. And obviously someone who pursues both disciplines would have an even greater advantage. I'd be interested in the stats as well but I wonder how many choices are stocks that you would go out and put your money on today and how many have an element of a 'bit of a punt' in the hope of a big percentage gain.Hmmm I don’t know about that
As a fellow Chartist 80% wasn’t bad this year
Last the year before was lack of time
having developed techtrader which did very well over 7 years of live trading and with Pete 2 more technical than Fundamental I think we do and will do fine
The disadvantage of course is that when the trades we pick go south we would be out well before 12 mths but we are exposed for the full 12 mths
Fundamental traders have the same issue them —- may —— have exited well before the 12 mths
Pete is it possible to show if the entry is Tecnical or Fundamentally based Mine are technical.
enjoy !I forgot today was a public holiday, so I don't mind extending the deadline until midnight tonight. I can't remember when we had so many public holidays. Six public holidays in the last couple of weeks. Anyway, it is a nice surprise that today is a public holiday. I'm going to have an unexpected slow day and do some weeding and put something in the slow cooker.
All my picks for the year I actually own.Agreed that T/A should do OK - just not as well as F/A I suspect. And obviously someone who pursues both disciplines would have an even greater advantage. I'd be interested in the stats as well but I wonder how many choices are stocks that you would go out and put your money on today and how many have an element of a 'bit of a punt' in the hope of a big percentage gain.
i don't hold PWR ( yet ) i didn't hold ABE when i posted the entry , but do , now and hold the other two ( EVN and SIG for several years )All my picks for the year I actually own.
The picks were XF1, NIC, AIS and PAN all four met my criteria from a fundamental point of view.
With the exception of AIS, from a chart perspective all were trending up and from an objective Elliot Wave point of view may have a long way to go.
AIS I have quite a small holding 7500 shares, again from an Elliot Wave point of view it met criteria after a 5 up and 3 down and showing a possible cup and handle over a three year period. The last couple of months it seems to be ranging between 15 to 17 cents on considerably lower volume my thinking is it breaks upwards.