Our latest scan for breakouts turned up only one candidate in the ASX 300:
Computershare (CPU) jumped after release of its annual report on Monday. CPU has grown via global acquisition to become the world’s leading provider of share registry services, which constitutes around 60% of group EBITDA. The remaining 40% largely comprises mortgage administration services in the United States and United Kingdom.
Russell 3000
The Russell 3000 yielded a few more promising candidates, concentrated in a few sectors:
Entertainment/Recreation/Gambling
Banking
Semiconductors
Others
Look for a strong Trend Index (or Twiggs Money Flow), holding above zero, and shallow corrections.
Please note: no evaluation has been done of fundamentals like sales, earnings, debt, etc.
Quote for the Week
The two most powerful warriors are patience and time.
~ Leo Tolstoy
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.