This is the Best Growth Combo on The ASX Right Now

In tonight’s Australian Stock Market Show, Dale, Janine and Filip discuss the best growth combo on the ASX right now.

• 0:01Speaker 00

  This podcast is brought to you by Wealth Within, a global leader in stock market education. For more information on our courses, head over to wealthwithin.com.au. Please note that the information in this podcast should not be considered personal financial advice. Enjoy.

• 0:19Speaker 01

  Two major ASX growth themes are starting to heat up. Tech is showing signs of life again, while Greenland has thrown rare earths and critical minerals straight back into focus. Today, we're breaking it all down and looking at the stocks that could benefit if these moves gather pace. Backed by more than 80 years of combined market experience on this desk tonight, nationally recognised and accredited stock market education and analysis regularly featured across major Australian media. I'm Dale Gillen, joined by senior analyst Janine Cox and Philip Tortevsky, and together we are Wealth Within. Hello, team. How are you doing?

• 0:57Speaker 02

  Good, and yourself?

• 0:58Speaker 01

  I'm excellent. It surprises me being on the show, but hey, I'm here. I'm here. And hopefully my voice lasts for the whole show. But how are you doing? You've been holding the fort, doing really well.

• 1:09Speaker 03

  Yeah, yeah. It's nice to have you back. I know it's a bit of a holiday around here.

• 1:14Speaker 01

  So you can have a break. But I think the market's looking really exciting right now. I was looking at the top 20 stocks before, so stay tuned. We've got some great looking stocks. But all right, let's get breaking it down. Two areas of the market have been hit pretty hard recently, but the suddenly, the backdrop is starting to change. Now, the first is technology. Oil has also pulled back sharply from above US $100 a barrel, and that matters because expensive energy was adding to inflation fears and pushing bond yields higher. Exactly the environment that tends to hurt highly valued growth stocks. Add on top of that, the US 10-year yield has dipped back below 5%, and overnight the

• 1:55Speaker 01

  Nasdaq hit a record closing high, while the semiconductor index jumped more than 4%. Reuters said falling oil and bond yields help improve risk sentiment alongside renewed enthusiasm around AI. So is this enough to suggest the pressure may finally be coming off technology stocks? And what would you need to see before you'd say ASX tech is genuinely turning higher again? I'm going to go to you, Phil. You're a tech expert.

• 2:24Speaker 03

  Yeah, look, more than a day. I mean, that's a start. We've had one day out, which is positive. I mean, the oil price coming down from 100 is expected. We've seen this cycle happening since the war started. And so it's no surprising. I think we probably could even see ceasefire talks come in the next week or two, given the way the oil price is moving, because that's really what's been happening. And that will bode well for AI and tech. The only caution for me right now is the other spanner in the works, which is the fact that a lot of these big AI CEOs came out and said that they are going to slow down. And that's new. That wasn't the case from March up until now. So, you know,

• 3:07Speaker 03

  this whole theme of AI has been driven on growth and more and more and more, and the markets have loved that. It's just, you know, compounding on itself. But when they start talking about slowing down, I wonder how that's going to impact things moving forward. So I'm not going to say that the opportunity is in there. Absolutely. And oil price falling is great for tech in a sector that's been beaten up. And looking at it as a trader from a risk point of view, if the opportunity exists, I would say absolutely. Because the last thing you want to do is try to lock yourself in a frame or a view and miss an opportunity that could give massive upside. So from a trader's lens, yes, great opportunity on the horizon. Longer term, big picture investor lens, probably wait a little bit longer to see what happens in the next week or two.

• 3:52Speaker 01

  Well, I want to, I want to qualify this a little bit, and maybe you can answer this one. Janine is tech Australia versus tech US? Tech US AI, 40% of the S&P 500 roughly is tech in the US. Australia, 2% or less is tech here in Australia. Of the sectors in Australia, tech was by far the worst this year since 1 January, like way, way outstreaming everyone else for being the worst sector in Australia. So what are your thoughts?

• 4:24Speaker 02

  Yeah, the worst often ends up being the best in the following year. Well, it makes some sort of recovery anyway. So I would expect that to happen. But like you said, it is only a very small percentage of our market. So it's not going to have that much of an effect.

• 4:37Speaker 01

  I know we've got one big tech stock we're going to talk about tonight, so stay tuned for that one. But technology isn't the only growth story starting to get interesting. Now, the second is critical minerals and rare earths. And this time, the catalyst is coming from Greenland. Now Greenland, Denmark, and the United States announced on the 18th of September that they expect to sign a new agreement strengthening security across Greenland and the Arctic. Now importantly, this isn't a rare earth mining agreement itself, but it has immediately increased investor attention on Greenland's strategic resources. That's because Greenland holds significant critical mineral deposits at a time when the US and

• 5:18Speaker 01

  Europe are trying to reduce their reliance on China. The US and EU have already announced plans to coordinate policy around critical mineral supply chains, while China continues to dominate much of the world's rare earth processing. And we've already seen the market react. Now Greenland linked critical minerals, which controls that Tan Breeze Rare Earth project, surge following the latest agreement. There's also another layer to this. Now, earlier this month, the EU announced a 200 million euro of new investment into Greenland with critical raw minerals specifically named as one of its strategic priorities. Now,

• 5:58Speaker 01

  we've heard the rare earth story plenty of times before. So does this latest push into Greenland actually change anything for the sector? And could it be enough to put the ASX critical mineral stocks back on investors' watch list? I'm going to go to Janine for this one, because you love minerals.

• 6:16Speaker 02

  I do. I think it's interesting, though, just to read a bit more detail about the amount of money that was spent and on what areas, because specifically it wasn't focused on mining. So that's one of the key points, first of all. While it does have a component to the rare earth story, there were a lot of other areas like connectivity in there and some infrastructure as well. So I think it's best to have a look at that and break that down. But also to think about the tech story and whether that's going to have an effect on Australia. I think tech in Australia will make a move if the market turns around and starts to go back into a boom territory, which we need oil to be down, we need the

• 6:59Speaker 02

  bond yields to be down for that to happen, and those growth stocks to rise. It's almost like a given, really.

• 7:04Speaker 01

  Well, bond yields means if the bond yields are coming down, that means more money in the economy, doesn't it?

• 7:10Speaker 02

  That more investment, cheaper money.

• 7:12Speaker 01

  Yeah. And a lot of people don't understand that the cash market really drives the stock market. If bond yields are up, that means money's coming out of the economy into bonds. And if bonds are down, then the opposite happens. We're pushing money into it. So have you got something to say?

• 7:26Speaker 03

  Yeah, I was just going to say, if they want to know more, it's going to be part of our members section topic tonight. So if you do want to know more about some good opportunities in how that works, interest rate, differentials, bonds, FX trades, we're going to cover that tonight.

• 7:40Speaker 01

  Thanks for reminding me. All right, guys. Now, let's get into some stocks to see whether their charts are actually telling us if the market agrees. Now, I'll go to you, Phil. What's the first one we're going to be looking at?

• 7:51Speaker 03

  So we're going to dive into some of these critical mineral stocks, that ASX companies that have exposure to exactly that Greenland story. So the first one is EUR. I believe it's called European Lithium Limited. Now, that what you mentioned before, Dale, about that direct Tan Breeze exposure gives EUR the clearest ASX link to Greenland, greater US strategic interest, could raise the profile of this project, but security deal itself does not provide new mining, funding, or approvals. Nevertheless, we can say all of that, but have a look at what's happened this week. I mean, if I just look at the price action, that is this week's price action. The market has gapped up and bounced on that news. So it is affecting price.

• 8:34Speaker 01

  It doubled in the last eight weeks.

• 8:36Speaker 03

  Yeah. And so there is, what is happening is directly impacting the share price. Investors are liking it, they're getting involved, just like that recent or the initial bout of rare earths, when it started, when China and the US started going a bit toe for toe. And we saw companies like Linus Flying and others. So I think it's a real catalyst, even though it's not specifically mining, because energy security, I mean, that's real. And where they're going to get it from, and they're probably going to pay whatever price they need to, to do it. And these companies are there, ready to supply. So this one here, I mean, we've seen the stock change from

• 9:16Speaker 03

  Really resembling one of those, I guess, penny type mining stocks that are based purely on hope and speculation. But since September, this has turned into a full blown growth slump. Like, I mean, the last time you can see that this jumped was around that October seventeen and capitulated instantly. There have been many times where we've seen spikes up with capitulations. This is the first time that we're actually holding above that previous all time high with a pullback. So.

• 9:44Speaker 01

  Is this a maturing of the market?

• 9:45Speaker 03

  Maturing of this, yes, it's the lithium space as well, definitely maturing of the market, maturing of the company. And I think the catalyst is driving more stability than than not. It's not just the company specific catalyst. Can they rip something out of the ground and and make some money? You've got this tailwind of the energy security story. And the bars are telling you that as well. Much more volatility, much more range in the opens and closes. Yes, it's volatile, not for everyone, for sure. But if you're looking to ride momentum, I mean, it's a good place to look.

• 10:19Speaker 01

  Hmm, I don't disagree with you because I know the market. And we've discussed this before, haven't we, Janine? How the market's now different than what it was pre two thousand. You know, Phil was still at Nappies back then, you know, you were pretty close to it, Janine. But you know what I mean? It's completely different. You know, the market, how it behaves, how it behaves with smaller cap stocks and larger cap stocks is different than what it was back, you know, from what it was pre two thousand. So what are your thoughts at the moment around this?

• 10:48Speaker 02

  Around this stock specifically or around the market?

• 10:51Speaker 01

  Generally, yeah.

• 10:53Speaker 02

  I think, you know, you've got to be watching anything that's hot at the moment that's being talked about because like Phil said, it just gets a tailwind under it. If the story is there, it doesn't matter whether the numbers are there yet. It's like those bubbles that form all the time. You've just got to be watching for the good stocks. And Phil's just given a really good example of how to identify the ones that could be a bit more mature in the market.

• 11:17Speaker 01

  I was actually talking to someone the other day and they're asking me about, you know, about understanding stocks. And I said, there's a vast difference between, you know, getting information and actually having skill. And that's going to be even more evident, that that gap between a lot of people thinking, well, I've got some knowledge, but I don't have the skill. And they're going to get creamed in.

• 11:37Speaker 02

  Well, there'll be people who have bought stocks like this and they'll be sitting on it, not knowing how to get out of it.

• 11:41Speaker 01

  That's what I'm saying is is people are buying stocks on news and runs and things like that. And they've got knowledge, but that doesn't necessarily always translate into skill and how to manage and trade those properly. And that's where the difference but we'll see a lot of that moving forward right through to the market crash when it does happen. So do you want to look at the next stock? Or do you want to say something?

• 12:00Speaker 03

  I was gonna say, it's so like, it just keeps repeating this stuff because you've got to think, the most popular investment in the last five, 10 years has been index ETFs.

• 12:09Speaker 01

  Yes.

• 12:10Speaker 03

  Index ETFs in a bull market. Every move down has been treated as it's a pullback. So the only the only thing people have experienced is a market falling, but it pulling back and continuing in trend. So if that's all you ever knew, when the market changes, because it does change, that is not the only way a market can move. You give back, you know, almost everything you earn and you learn those hard lessons. And most people then say, oh, the market's rigged. I don't want to get involved ever again, or they're scarred from the experience. That's the sad part.

• 12:41Speaker 01

  Vanguard V O O, which is S and P five hundred.

• 12:44Speaker 03

  Yeah.

• 12:44Speaker 01

  In the U S, one point seven trillion dollars now. You know, that scares the absolute crap out of me.

• 12:51Speaker 03

  In one product?

• 12:52Speaker 01

  In one product. And forty percent of it is tech.

• 12:55Speaker 03

  Yeah.

• 12:56Speaker 01

  Twenty eight billion in the Australian version, Vanguard's version of that, which is VAS.

• 13:00Speaker 03

  Yeah.

• 13:00Speaker 01

  But twenty eight billion and fifty plus percent of that is materials and financials. That also scares me anyway, but let's go to.

• 13:08Speaker 02

  Well, I mean, what's interesting is that if you own the the stock and you would try to sell them during the panic scenario to get your money back, it'd be much easier.

• 13:16Speaker 01

  Oh, yeah. You won't be able to get out of those ETFs. Not a hope in hell.

• 13:21Speaker 02

  Do you think they'll lock them up?

• 13:22Speaker 01

  Absolutely, they will. It's in their fine print. Go and read it. It just scares the crap out of me. And I was only saying that to a in a seminar earlier that I did. I said, I'm just scared of these ETFs, but people keep buying them. But anyway, we better go to stocks.

• 13:37Speaker 02

  All right. The next one we've got is Eclipse Metals. E P M is the code. E P M's green Grenadale project gives it direct Greenland exposure. The geopolitical push could increase investor and strategic interest, although the project is still early stage and the latest agreement does not change its development economics yet. So just looking at this, I mean, what can you say? From a tech technical perspective, it looks like a really good setup is starting to unfold. It would need to get above this recent test. So the top of this bar here, which is around that two cent mark, it's a penny stock. There's no doubt about it. It's high risk and it's not for everyone. You need to go back over

• 14:22Speaker 02

  this stock and really understand how it moves in detail and also know a bit more about the story, do a bit more research. But for those who have got, you know, a stomach for risk, this one, if it starts moving, could really take off. That's what I'm seeing there. For those who are more conservative and wanting to see it, you know, have a bit more of a basing and then a test of that resistance around thirty odd cents, maybe you wait for it to get there. But I can see all sorts of things that could get people in from a technical point of view. There is a small gap down here, but how much do these gaps get filled on little ones? It may never fill. But I just let it test that, given the sort

• 15:05Speaker 02

  of volatility that we're seeing, which I think is what's happening now with this close being at the low of the bar. It's coming in, could be a couple of weeks before we see it fully test that.

• 15:14Speaker 01

  I'm just excited. Janine's looking at a two cent stock.

• 15:17Speaker 02

  That's only because you made me.

• 15:20Speaker 01

  Definitely a penny stock, isn't it? All right, Phil, what's the next one?

• 15:23Speaker 03

  All right. Well, we'll go to the safer end of the market. Linus is the next one. This one's well known in this space. And if we just bring it up, I mean, this one isn't a Greenland plate, but it's an opportunity for the bigger theme. So obviously, the governments in the West urgently want the rare earth supply outside of China. That's no secret. Reinforcing the strategic importance of established non Chinese producers. And this one flew when when that story initially broke in twenty twenty four last year. I mean, we were covering it around this point in time. I know so many clients and students made an absolute killing out of this run. We were covering it covering it on our private profiles and some of our public domains. But when I look at it today, the question

• 16:08Speaker 03

  is, does the opportunity exist for another run? And I think what's really interesting about Linus, because we're about to find out really or truly whether this is this time it will do that. And my mouse is doing amazing things. So sorry about that, guys. But I just want to highlight one particular line. That's going to be the line in the sand for me. And it really is the one here at this level at fifteen, sixteen dollars. You can see how strong sixteen dollars has been a resistance dating back to even nineteen eighty seven, ninety four, even through twenty twelve. You could even argue twenty eleven, also again in twenty twenty five. So what's interesting this time is, if you were to just scan your eye and see how the market has been reacting above this price

• 16:51Speaker 03

  level at fifteen, we've seen nothing up until recently. A small test in November twenty five. Again, we're holding high and we're starting to print those higher moves. So this is telling me that it wants to stay above sixteen dollars. And yes, we are accelerating away from from trend. So chances are, we could potentially pull back. I mean, ideally, we'd like to pull back into those twelves for another opportunity. But to be really bullish and keep this theme of momentum, I really want to see it hold fifteen, sixteen dollars. And right now, it's doing all those right things. I mean, the move downs are slowing. You can see that big push that is followed by the next move down, which was

• 17:32Speaker 03

  in September, much slower, much more time to unfold, not much effort. Now we're testing the low, holding above. Yes, it's early days, but if we hold these lows and start tracking up into those sixteens, I don't mind this at all.

• 17:47Speaker 01

  I like it.

• 17:48Speaker 03

  I don't mind it. And have the mindset of saying, okay, don't expect it to shoot the lights out and go for a run to $70 like, you know, some fundamentalists might think. But if the opportunity exists and you get in at the right spot with the right set of rules, then it's just a case of trade management because I find that's one of the biggest things that even just doing the mentoring, I know you do a lot of it as well, but we even learn things doing it. You forget how many, how much stuff you don't, you know, cover yourself until you're forced to. And it's one thing knowing to buy and sell, but the biggest part is the management of the trade. Yeah, push the button, set where you want to get out, but how do you act in the meantime of that?

• 18:32Speaker 03

  How do you know when is a time to shift? When is a time to potentially protect? When is a time to let the trade unfold? Are you setting a stop loss too high? Are you trying to cover too soon? Are you cutting your profits short? Reading the market and following it week in, week out, which is easy to do. I mean, you just get the book, you do the course, you'll learn how to read price action and act accordingly when need be. That is the most important part of trading. It's the trade management. And I'll just say because of this one, yes, you'll get in and the volatility will be potentially wild, but you don't want to cut it too soon and not experience the full upside if it gives you.

• 19:14Speaker 03

  At the same time, you don't want to be sitting in this hoping for it to go to $90 and then give away all your profit because it could swipe down very quickly. So.

• 19:20Speaker 01

  Yeah. Yeah. I had somebody only just earlier, you know, they bought CSL.

• 19:25Speaker 03

  Oh.

• 19:26Speaker 01

  And then, you know, I was chatting to them a while back and they bought CSL and done really well, obviously, you know, but they sold out. I go, why? And they go, oh, this made enough money. And I went, it's still going up, you know? And I've been, I was mentoring somebody in our, in our beginner course, our trading mentor course. And he said, you know, he reacts emotionally to the market and he's brilliant. His analysis was great and his trading plans are great. And I said to him, but your rules for entering exit are wishy washy. They're not solid. They're not black and white. No wonder you struggle getting in and out because you're second guessing yourself because you're not even following those rules that you didn't even have black and white, you know? And to me, that's part of the reason why a lot of people are doing exactly what you

• 20:09Speaker 01

  said, you know, they're not having proper rules so that when something's happening, they know exactly what they're doing. And that's the biggest thing with a lot of people is they, they see something or they read something or they hear something and then they make a decision to buy and sell. But there's not real rules around that and how to manage that properly. So that's where the issue is. So if you want to get some really great rules around what you're actually doing, buying, selling, managing your portfolio, position sizing, money management, risk, this is the book to get for you. Now, I just found out this morning, we've had over 20,000 new people watch our videos in the last month. And I know all of them didn't buy the book. So if you do want to get a copy of my book, it's still for free, you just got to pay the shipping. It's on our website, wealthwithin.com.au and there's a link in the description below.

• 20:51Speaker 01

  But anyway, stick around because we've still got more stocks to cover. And if you do want the deeper analysis behind the moves, our YouTube members get the full picture each week. Now, key market index analysis, sector strength, individual stock opportunities and advanced market rotation analysis designed to uncover where momentum could be shifting next. Now here's a quick look.

• 21:17Speaker 01

  Well, that's just a taste of our dedicated weekly market wrap plus bonus extension content and additional stock opportunities you won't see in our free YouTube shows. It's all available to our YouTube members. But now let's get into our trending topic this week. Janine, I'm sure you got a rip snort today.

• 21:35Speaker 02

  I have, and it's something that's on everybody's minds at the moment. Oil prices have fallen, so why are all four major banks suddenly calling a rate rise next week? We'll take a look at bank stocks shortly as initially they benefit. Also, given oil's retreat, should the RBA impose another rate rise before we've seen the full effect of the previous three? Firstly, we have a problem when the tool used by the RBA does not correct the cause of the problem facing Australia. Oil isn't the real problem. Our economic speed limit is, and right now the RBA's principal tool is to slow us down whenever we hit it. We've already had three hikes this year. So should the RBA really impose another hike before the full effect of the previous

• 22:20Speaker 02

  three are fully felt? The RBA has said that traditional central bank response to a temporary supply shock such as oil is to look through it rather than raise rates aggressively because interest rates can't produce more oil. Also, as justification for a rise, inflation was already elevated and there were already capacity pressures before the oil shock. Then in August, Michelle Bullock said, as long as the productive capacity of the economy isn't growing, we cannot grow very fast without running into inflationary pressures. Australia has a growth speed limit problem. Productivity is poor and continually restraining demand fixes the immediate inflation imbalance

• 23:03Speaker 02

  without fixing why the ceiling is so low. Higher interest rates can deal with the symptoms, not the cause. And in every cycle at this time, inflation rises followed by a series of hikes. So why doesn't someone fix the root cause? It's a complex issue. I'll calm down now. Productivity depends much more heavily on government policy, business investment, competition, infrastructure, regulation, skills, technology, and how efficiently labour and capital are used. Got all that? Now, before we take a look at the banks, Michelle Bullock's 18th of September 2026 opening statement to the House of Economics Committee said, a period of some due growth

• 23:45Speaker 02

  of aggregate demand is needed to reduce capacity pressures and bring inflation down sustainably. So if the RBA doesn't have the tools to do it, we know what will. Why don't they just say it? There will be another major credit crunch coming that will do it. Let's go to the charts.

• 24:03Speaker 01

  Wow.

• 24:05Speaker 03

  I'm getting scared.

• 24:06Speaker 01

  I'm not sure whether I should be scared or anything about that. Wow. That's pretty good. But you're right. I mean, I was, I was doing my, like the finder survey that I do every month on interest rates, you know, and I said, oh, they'll probably go, you know, 25 basis points, quarter percent in a couple of weeks. But then it's saying, well, what's, you know, what's, what's causing this and, you know, and why is it so sustainable all this? And I said, well, you know, the RBA's only got a hammer to hammer and nail, that's it. It's not the one causing the inflation, the interest rates, it's everything else that you just mentioned. And so we've got to slap a few people on the back of the head, don't we? And say, wake up, this is what's happening.

• 24:42Speaker 02

  Yeah, look, I mean, if they're going to do it, then why just do a token adjustment? Why not just, okay, right before Black Friday, let's give it a real test. Whack on point five and see what happens.

• 24:55Speaker 01

  But that won't do anything because there's going to be a couple of months before that gets into the economy.

• 24:58Speaker 02

  And neither does just point two five trickling along.

• 25:00Speaker 01

  But the credit crunch is happening. I mean, you know, when he saw that Bethlehem group that went down a little while ago, private credits way going through the roof.

• 25:08Speaker 02

  It's usually about 12 months before it comes out.

• 25:11Speaker 01

  And, you know, banking loans are down, housing approvals are down, all that sort of stuff. So interesting times. So let's look at some stocks, hey?

• 25:19Speaker 02

  Okay. So CBA and Westpac, let's have a look because the banks were all calling for a rate hike this time, even though they were saying it wasn't going to happen previously. So.

• 25:29Speaker 01

  They make more money when the interest rates go up.

• 25:31Speaker 02

  Initially, they do, as long as people don't get too pessimistic about it. But I thought, let's have a look because if this happens to turn banks up, well, at the moment, CBA is pointing down. So our analysis has said for some time that it's more likely to come down a bit further. Now, I've got a, it's already fallen 23% to this low here. We've got a potential 26% fall to the, around about, what is it? 140, right? And it could go slightly lower than that. But if we have a look at what it's done in the past, 21% there, 27.4% there. Now, I'm not going to count COVID because that's really, you know, an abnormal scenario that we don't see on markets.

• 26:14Speaker 02

  32% for the whole pullback, that that was a protracted fall. If we go back further, we've got 30% here. Now, the GFC was in the order of 60, you know, 50, 60%. That's what happens in these major market corrections. Here we had the recovery after that and then a pullback with the tsunami hitting. There was another unusual scenario there. Royal Commission pulled the banks down here. Now, if we come forward to see what CBA could do, if, you know, as the threat of higher interest rates comes in, we could see a protracted sideways move unfold. At the moment, my current expectation, as I said, is that CBA could fall to around this 140 level.

• 26:57Speaker 02

  Any move above the high of September should be looked at as a potential positive. So, but you know, there's a lot of heavy lifting that has to happen for CBA to get back above this 180. I'm not saying it's out of the question. I still think that there is a possibility that we'll see the banks make new highs, but I'm just waiting for this move to finish unfolding. So that's CBA.

• 27:21Speaker 01

  I like the banks and I'm surprised, Janine, I actually agree with all of it.

• 27:27Speaker 01

  Hard for me and Janine to agree, isn't it? But I do agree, I had 140 on mine on that area, my take on CBA, but I'll let you do Westpac.

• 27:35Speaker 02

  Okay.

• 27:35Speaker 01

  See if we agree again, that might be a real shock.

• 27:37Speaker 02

  Wonderful. All right, now, Westpac's a different kettle of fish than CBA. Totally different history. We've seen it spend most of its time hanging out around just below $30. Like, if you look at the long-term history, a lot of it's in a range. You could say it's loved being in this zone here. But, you know, now, we've actually seen a really nice, strong support at around $30. It's coming back to test. Will we have another challenge of that high? I'd expect so. There's a strong level also across here, across these highs, which is what it's tackling right now. So, Westpac may be in a similar boat to Commonwealth Bank in terms of pulling back slightly lower.

• 28:20Speaker 02

  But once it gets back above this level at around 35 and starts to push back towards 40, we could see it challenge this high. I'm waiting to see what the board of Westpac do, given, you know, the new blood that's been in there more recently. And they should be, you know, preparing some incredible stuff with Westpac, I would think. But at the moment, we're not seeing it.

• 28:45Speaker 01

  Obviously, there's four big banks, so you've just covered two of them. Is there a reason why you covered these two?

• 28:50Speaker 02

  Mainly because I do like Westpac and Combank.

• 28:53Speaker 01

  Okay, so it was bias.

• 28:55Speaker 02

  It was a little bit of bias.

• 28:57Speaker 01

  I know, because I was looking at Nab earlier, and that looks pretty good as well. So, hey, maybe I'm biased on that one as well. But anyway, but if you do want the skills to analyse stocks, just like you've been seeing our experts do tonight, visit our website, wealthwithin.com.au. But now it's time to get back into our topic and some more stocks. Now, I'm going to go to you, Janine, because it's a bigger one.

• 29:19Speaker 02

  WysTech. Oh, thank you so much. You're not giving me the respect.

• 29:21Speaker 01

  It's a techy stock, though.

• 29:23Speaker 02

  That's okay. This looks really exciting. Let's just take a look at this fall here. And, look, we've seen the healthcare stocks take off. And as Phil said, you know, this could be the next area that we see with some decent upside. It's probably more than, it's probably around 80% fall there we've got, because I haven't quite pinned it at the top. But you can see there that there is plenty of opportunity for this to make a recovery. But where will it make a recovery to? That's the question right now. Everybody's wondering. So, if we look at what's happened in the past and we see that how WysTech's moved up, there was a 245% rise to challenge that top. And that, this is the rise that happened after Covid.

• 30:05Speaker 02

  And then, following that, of course, the sky's the limit. It just kept making new highs. Do I think it's going to go on a trajectory like that this time? And the answer is no, I don't. So, sorry to disappoint those people who are looking for that. But what do I think that we could see? Well, from this low here, I think it's quite easy to pick around 138% for WysTech. 140, perhaps, there would be the first level that I'd identify. That's probably, for those who are looking to get in early, who are not already in, I'd just wait patiently, because this month it's down. We don't want to be trying to get in while it's down. It could zip lower. And, I mean, where is the bottom? Potentially, if it kept doing that, it could come all the way back to this March 2020 low,

• 30:49Speaker 02

  if that was the case. So, it's not worth taking the risk. Wait for the momentum to go in your favour and for it to start heading back up. But good upside potential there on WysTech.

• 30:58Speaker 01

  Well, I mean, it was looking good before it announced. In a couple of weeks ago, it did its report, its annual report, and then it just tanked, opposite of what CSL did. But anyway. But that shows you how the volatility happens in reporting season. But I can't remember what the report said for it, but I think it was not quite 100% positive, was it?

• 31:18Speaker 03

  Well, look, I think it's holding up much better than, than...

• 31:22Speaker 01

  Than most thought.

• 31:22Speaker 03

  Than most thought, yeah. Because, remember, they also had recently, because the earnings came out, and I'll just go on the weekly chart. And it ticked up about 10% on that earnings. Where it got dumped was, following that, was that ACC investigation.

• 31:37Speaker 01

  Is that what it was?

• 31:37Speaker 03

  Yeah. So, that came out, and it dropped at, I think, 10%. But you've got to think, I mean, we're talking about, there's the prices in June. March is around this period through here, where the war started. Oil affected it really strongly all throughout that period. But you can see from June, this company has copped, or it's had an earnings report, it's had an ACC, and it had something else thrown in there as well that was negative. And it's been able to absorb it, and right now, still printing higher lows, despite all of that. So, I don't know if, you know, what price is telling us is that the bad news is being absorbed a lot better than before. And that sometimes means the market said enough's enough.

• 32:20Speaker 01

  Well, you would think so. And this, that's what we were talking about earlier, with now the market reacts differently to what it did 20 years ago. You know, the iPhones come out, and all of a sudden, we've got everything on our fingertips. So, a lot of people are reacting to the market, are reacting to news.

• 32:35Speaker 03

  Because it's, you know, you're talking about a leader here. Like, it's a company with, you know, somewhat of a moat. And they spend a lot of money on expansion. And if it works, you're looking at a beaten-up share price with a company that's got a lot of potential.

• 32:49Speaker 01

  Definitely on my radar, that's for sure.

• 32:50Speaker 03

  Yeah.

• 32:51Speaker 01

  It sits on my watch list, so I'm looking at it and looking for a bargain. But, hey, you know, I thought, you know, some stocks, you just sit there and wait, and they just keep going down, and then they keep going down. And eventually, you get the opportunity to buy in and go for a big run. Like CSL, it fell like 75% off its all-time high, and it took off. So, you know, so anyway, now, Phil.

• 33:12Speaker 03

  All right.

• 33:13Speaker 01

  You've got the next one.

• 33:14Speaker 03

  I do. And, I mean, with the theme of what we're doing, the next one is Zero, by the way. So, we just go to the chart. The theme of tonight is really what's that growth combo that is happening on our market that, you know, could be the next story. And we've, obviously, this is one part of that growth combo, which is tech on the back of that oil rebound. The other, obviously, we've covered with the critical minerals. So, two very, very high-growth areas. But Zero, unlike WysTech, you can see, is still printing lower lows. That's why I prefer the WysTech story at the moment. Nevertheless, when you do see stocks forming major lows, one thing that it's important to note is that it's not always a clean, you know, V-shaped recovery that most people would love.

• 33:57Speaker 03

  Like, just wait for the low, buy the low, and then it runs up straight away, and you go...

• 34:01Speaker 01

  And how do you know it is the low?

• 34:02Speaker 03

  Look how great I am, right? Yeah. And that's the point. That's why technicals are so important. That's why learning confirmation, learning how to understand lows, learning how to really know the relationship between buyers and sellers at that specific point on the chart is going to help you to identify the low.

• 34:19Speaker 01

  Well, I had that question, actually, from one of the trading mentor students. And one of his rules was, trade when the trend is up. I said, so how are you quantifying that? He goes, what do you mean? I said, well, is it a daily trend, a weekly trend, a monthly trend, a yearly trend? What do you want? And he's like, I never thought of it like that. I go, well, you need to. Because they're all different, and they all mean different to your trading plan. And this is what people aren't doing. They don't, oh, what is the low? Or where is the low? Or is it a low on a daily chart, a weekly chart, a monthly chart? What is it?

• 34:54Speaker 03

  Yeah.

• 34:54Speaker 01

  So, that's what we're talking about. It's the difference between having some knowledge, but then having the skill on it to actually be able to manage the trade properly. But this stock is, you know, I think this stock is one that would definitely go on my watch list.

• 35:07Speaker 03

  Oh, absolutely.

• 35:08Speaker 01

  Because eventually, it's going to start falling, because it's a great stock.

• 35:10Speaker 03

  Yeah. And, I mean, just like where it is right now, this level through here, it's obviously a really important level. That's 60, you know, 62 bucks. Been supporting in during Covid. You've got to think, a Covid crash held it up. The 2022 correction, that's where it stopped, and now we're coming into this. And really, we've only seen selling through this type of correction. And just like buying, when you see, you know, really euphoric price action on the up or on the down, that's often a sign that, for the lack of a better word, it's running on heightened fear or heightened greed. Because if there's only one party being involved in that market, it's telling you something.

• 35:47Speaker 01

  Yes.

• 35:48Speaker 03

  Good trends, good, strong market conditions have both participants interacting. Buyers, sellers, buyers, sellers. So, just going back to that Zero one, please.

• 36:00Speaker 03

  The fact that we've only seen selling, to me, tells me that that might be a bit overextended. There's too much fear in that market. Now, the way this is unfolding, it's very common to see a bit of price action that's a bit erratic. So, I'd be watching these lows like a hawk. I mean, volume's picking up as well.

• 36:16Speaker 01

  So, that's bad life.

• 36:17Speaker 03

  If you, if you're skilled, like you said, in knowing your strategy, knowing how to identify the turn, this is some good risk-reward opportunities.

• 36:25Speaker 01

  But it's not today.

• 36:26Speaker 03

  Not today.

• 36:27Speaker 01

  Not today. All right, Janine, bring us home.

• 36:29Speaker 02

  All right, the next one is Next, NXT.

• 36:34Speaker 02

  NXT, okay. This is a bit messy, right at the top. There's a technical term for you. You can see there that it's actually, the trend has been beautiful. It's just coming back to the angle of that overall trend at the moment. But this recent sell-off is the cause for concern, even though it's come back to check that low there. There's no joy in this right now at all. And if anything, it could just track up sideways. As a best-case scenario, temporarily would be to see it get above $1, get above $13, I would say. That's got to do that first. This resistance across here, about closer to $14. Once it gets through that, then it's potentially going to challenge that high.

• 37:15Speaker 02

  But like Phil said, the other two offer better potential, just because they're fully unfolded. This one, still, there's that uncertainty about whether these lows are going to hold the stock from falling further. So, I would just continue to watch this, see how it unfolds. But I would not be in any hurry to get into this particular one right now. It's got to jump too many hurdles for me.

• 37:35Speaker 01

  But data centres are booming. That's what they tell me.

• 37:38Speaker 03

  Anthropic, yeah. They just went big in data centres, and these guys could capture something.

• 37:43Speaker 02

  It shows that, but the chart doesn't tell us. Isn't that what you're saying?

• 37:46Speaker 01

  Yes.

• 37:49Speaker 01

  All right, big question. Phil, what was your favourite of these?

• 37:55Speaker 03

  I'm gonna go the critical minerals plays. They're hot at the moment, good momentum. Any of them look good. I mean, if I had to choose, I feel a bit cowboyish today. Let's go the specky.

• 38:08Speaker 01

  Yeah. Okay, Janine, one.

• 38:11Speaker 02

  I'm really digging the barrel, bottom of the barrel.

• 38:13Speaker 01

  Which one is your favourite?

• 38:15Speaker 02

  Thirty cent stock or I'd probably go for Wise Tech. I'd say and just wait.

• 38:21Speaker 01

  Yeah, well done, well done. I'm thinking, I was tossing up between Linus and Zero, but not yet. But you know what I mean? I've put it on my watch list. But anyway, moving on, surely we're gonna get into our hot stock tipper. First, let's answer your questions.

• 38:35Speaker 04

  Hey, podcasters, you're here for a reason, to become a more confident and profitable trader. And you can achieve this because it's all about having the right knowledge. We have a course that will suit you and improve the profits you take from the market. Curious to learn more? Head over to Wealth Within and check out our trading courses.

• 38:58Speaker 01

  Now, Kieran writes, can you please do a review on CXO and ALK, please? I think we'll do one of them. Which one are we going, guys?

• 39:06Speaker 03

  We'll do ALK. I think we covered CXO either on Monday or last week, so go and check that out. Yeah.

• 39:11Speaker 01

  Yeah, we can go. Okay, so let's have a look at it. While you're talking, you keep going.

• 39:15Speaker 03

  All right, let's go ALK. Okay, now this one here, I'd love to know what you were thinking, mate. If you're thinking short term, medium term, long term, because my answer will change drastically.

• 39:25Speaker 01

  He's man a few words.

• 39:27Speaker 03

  Yeah, yeah.

• 39:28Speaker 01

  It doesn't help us.

• 39:29Speaker 03

  Next time, a few more would be nice. But look, we are approaching with, talk about the whole history of this stock. We're getting to the levels where sellers have sold it off. I mean, really, previous all time high, we're there, we found a bit of a base, there's another level. What is promising is that we're holding above these highs through here, which is the November level. But I mean, coming off a nice pullback, strong month. I'd be trading this as a short to medium term opportunity anywhere now up till the all time high. The speed of rise tells me that, you know, it looks okay, but is it ideal? No, somewhere on these cyclical stocks, it's probably a bit more ideal to get a much better opportunity

• 40:14Speaker 03

  from timing point of view. For me, that's not today. Nevertheless, I still think they're short term opportunities. So I'd be watching a dollar eighty four. If it holds up there, I'd be targeting the all time high. If it fails through there, maybe there's another better opportunity at one thirty. Apart from that, yeah. You've missed the best, the best, the biggest medium to long term opportunity or the best setup technically. You've missed a few of them over the last couple of years. I would say that for the medium term play.

• 40:42Speaker 01

  Well, we don't know. We don't know whether he's in it or not in it and whether he doesn't want to buy it. So again, your comments are only just very general rather than more specific to a situation. So maybe, Kieran, get your fingers working a bit more on the keyboard for your next time you ask us the question. But anyway, we're gonna move on to Lee's email and he or she, I'm not sure. He says, I've always been interested in stock trading, but never really took it up until four months ago when I turned forty. Well done. Now, I started with five thousand dollars and I'm up around two K up. Thanks for watching or thanks to watching your show and doing a bit of my own research. I intend to keep increasing my outlay and hopefully undertake the diploma when I finish the course I'm currently doing.

• 41:27Speaker 01

  I'd like to think I'm naturally talented at picking stocks. My small folder is mainly made up of AI and related stocks. Would like your opinion on Pantooro Gold at the moment and praise your talents of being able to read stock charts so clearly. P S, I've just ordered Dale's book and keen to read it. I think he's buttering a subchilling.

• 41:49Speaker 02

  I think so, but because of that, I'm definitely going to help you out.

• 41:54Speaker 01

  It worked, it worked.

• 41:55Speaker 02

  All right, let's have a look at the charts here. I've chosen to look at the monthly chart just because of the volatility of this and how it drops off. It was obviously a backdoor listing at some point. But what we're more concerned about is what's going on with these highs here and the opportunity that could come from those. So we can see overhead that the stock really has trouble getting through around that six dollar mark. So that's the first thing we observe. And the support underneath is coming across there, really nice support along that bottom and hence that rise that bounced off. So that would have been obviously a really good run to be on. What are the opportunities now? Well, at the moment, it's pulled out of that low there. It's got the potential to go up again. So that's the first thing. Could go to between four and five dollars.

• 42:40Speaker 02

  Now, the challenge here is that we haven't really seen a true test of that low. But in the past, when it went up here, this was after, after Covid though, it didn't test that bottom. We know a lot of stocks didn't. But outside of that, there has always been a test of that bottom. Okay, so we've seen it happen over time. And this is where it's really important to understand how markets unfold, what happens at lows, what happens at highs and how to read what's going on. So, I mean, there's a big sell off here. I'd probably want to know what's going on there. Why was that? Just because it's important to understand what's happening with the stock. But if we change this and we have a quick look at a smaller timeframe just to see what's happening there.

• 43:24Speaker 02

  It looks like it's holding up well at the moment and holding above about two fifty. But it's not clear yet whether the rise is likely to continue here. So this is the challenge you've got at the moment. My preference would be to see it redo that retest, what it's done every other time other than what it did in Covid. Once it does that retest, I'd also be wanting to look at volume. So I think it's, this is a cause for interest because we're seeing this nice volume that's come in. Although at the moment, we're seeing this week volume quite low, but it's only early days. I'd want to see high volume persist if it's gonna do a breakout, which it might. But ideally, you want that consolidation to kick in to get that retest of that low and then a rise up.

• 44:09Speaker 01

  All right, there you have it from Janine, her wise words there. But George is next and he writes, I think SEEK is looking interesting and it's approached some long term support levels. Phil, go for SEEK.

• 44:23Speaker 03

  Yeah, look, it looks interesting and it's definitely approaching a level. But the question is, you know, how are you gonna trade that? And.

• 44:34Speaker 01

  Well, he's implying, he said it's looking interesting, which implies he doesn't own it at the moment.

• 44:39Speaker 03

  But see, that's the thing also. I mean, to me, something looks interesting if I can gauge where it's going to next. And I can confidently say, okay, from point A to point B, I know that it's gonna go to twenty bucks. Then that looks interesting. But just to say, yeah, just to say that it's here at a level to mean that it looks, you know, to me, it doesn't mean anything at this point, if that makes sense.

• 45:03Speaker 01

  No, it does, because I know a lot of times traders, everybody knows what support and resistance is. And people, it's like, you get more that more than you get hot dinners, you know? And people trade off them and thinking they're the Bill and Lynn Endall, but they're not. Like, I've never, I don't know about you guys, but I've never taken a buy or sell like Seek off a support or resistance level. But people do that. And when they see a stock hit a support or resistance level, they go, wow, that's interesting. I'll get ready to buy. And we go, yep.

• 45:32Speaker 02

  And that'll be the time when it goes through it.

• 45:34Speaker 01

  Yeah, it probably will be the time it goes through it, yeah.

• 45:36Speaker 03

  There's so much more that needs to happen. You need to be aware of what it's doing at that point in time. What is price telling you, listening to the market, that it is going to turn? There are probably five or six different dynamics that go into what, you know, whether it becomes exciting or not. And I'm not trying to, you know, downplay where it is because it is at a level where something could happen. So I totally, you know, commend you for that, like, well done for starting to look at it.

• 46:03Speaker 01

  George, great for picking it up.

• 46:04Speaker 03

  Great, great for looking at it. But for me, there's a bit that needs to go on right now. And if I were to say, yes, you know, it looks good today, I may change my view next week. So from today's point of view, I don't see anything about it that makes me super excited that it's ready to turn. And I think that's the best advice I can give because if it blows through that level next week or if we just see a kind of unfolding where we get to thirteen and then reverse and some people go, oh, it's ticked up, it's tested support, it's up at fourteen dollars. It's positive for me that it's still not ready to go. So it's a bit too risky giving positive advice where it is right now, I think.

• 46:44Speaker 01

  Yeah, I think what you're saying is out of everything that we look at. The getting around the support level is probably 5% of what we're looking.

• 46:52Speaker 03

  There's a lot more.

• 46:53Speaker 01

  So it's the least thing that we're actually going to be looking at.

• 46:55Speaker 03

  Good filtering process, great, you know.

• 46:56Speaker 01

  It is.

• 46:57Speaker 03

  Good having a look, but yeah.

• 46:59Speaker 01

  Cool. Well, there you are. George, now Leanna's email is next and she says, "My analysis shows Sigma Healthcare is at a pivotal moment and after your thoughts, it is breaking through an important $2.60 level recently. If this breaks $2.40, do you see potential rollover like CSL?" Janine. Hmm. Rollover. Normally rollover means going down, but.

• 47:24Speaker 02

  Well, look, I mean, great.

• 47:25Speaker 03

  Leanna likes shorting. She normally emails into the show in shorts, so Leanna's a shorter.

• 47:30Speaker 01

  Ah, but CSL going up, so, okay.

• 47:33Speaker 02

  And very good as well. So if you look at SIG now, it's just broken through a really important level as she mentioned and it's testing that. So it hasn't clearly broken through it yet because it's hanging on there. So it may kick up a little bit before we see the rest of the move on the way down. Do I think it's likely to fall? At this point, there is a decent potential that says that it could fall down. Will it stop at around $2.20? Possibly. It might head down to around $2.20. Could it go to $1.60? Possibly. So there's two scenarios there that could unfold from this. And, you know, we've looked at some of your trades before when you've written into the show.

• 48:13Speaker 02

  We can see the setups were there. I think it was more about the exits that were a bit of a challenge, wasn't it? And it's about getting that right and understanding that. And the real way to do it is go back in history and have a look at the way that the stocks unfolded in the past, each time where it's had these major sell-offs, because when it does fall, and this is probably what you've identified, the profits can come pretty quick. So the key is, well, how do you actually get into that? And maybe what you've seen is you have to actually get in with a trigger before this particular level, whatever that support is, gets broken. Now, it worked beautifully here. It worked here. We can see that small consolidation and then it ripped lower

• 48:54Speaker 02

  and there would have been a way to get out of it. I would say analyse what happened at that bottom there. Also analyse what happened here once it fell and then continued lower. But at the moment, it looks good for the way that you think. I would just wait for that move back up and then see if it pushes back below your level.

• 49:13Speaker 01

  I think she's on the right track.

• 49:14Speaker 02

  She is, yeah.

• 49:15Speaker 01

  Very much on the right track. So well done. Anyway, now Barry is next and he writes, "Can we do CXU this week? Trend likely to continue another spike soon?" All question marks. Go Phil.

• 49:27Speaker 03

  All right.

• 49:28Speaker 01

  I don't know whether he owns it or he doesn't own it, but hey.

• 49:31Speaker 03

  That's the big question because, and we'll go to the chart just to have a good look because I find it's always interesting when people ask the question, "Is the trend likely to continue soon?" My answer can change from today to tomorrow.

• 49:48Speaker 01

  Oh, everybody's keen.

• 49:49Speaker 03

  You know, and that's the reality of trading.

• 49:51Speaker 01

  Well, can I say that it's irrelevant?

• 49:54Speaker 03

  Yeah.

• 49:54Speaker 01

  And I'm not trying to be rude to Barry, but it's irrelevant because it's about what's your plan? Is it goes up, what's your plan? If it goes down, what's your plan? Not as if it spikes or whatever else.

• 50:03Speaker 03

  Yeah. And that's the, that's the real answer of what I was wanting to get to is that regardless of the next step, what is your skill set in your trade management? And the question, are you asking this because you're already in? And really, depending on where you've got in, there's a different response that goes in there too. Because if you've bought well, well, you have options. You see, this is the beautiful thing about technical analysis. It allows you to buy well and sell well, and not only just the buying and selling. It allows you to then monitor the trade more often than not with more options. It's very hard to protect a position when you've bought bad because pretty quickly you're going to be in the red.

• 50:46Speaker 03

  So there's no point trying to think about doing anything else but hoping that the price comes back up. When you've bought well, you have many options.

• 50:54Speaker 01

  Many options.

• 50:55Speaker 03

  And so that question, is it going to continue, doesn't really exist because that's the last thing you want to do when you're trading is ask that if, what do I think's going to do next? The second you implement your.

• 51:06Speaker 01

  Well, that implies he doesn't have an exit strategy.

• 51:07Speaker 03

  Yeah.

• 51:08Speaker 01

  But he's in it.

• 51:08Speaker 03

  Yeah. And you're coming from the mindset of thinking of trying to be right to some degree. You're going, you know, I want this to happen. You're putting your personal bias on the market as opposed to saying the market's going to do what it's going to do. I'm skilled enough to listen to it and make my moves accordingly based on what it does, listening to it, not saying, oh, I hope it continues to go up and then I'll work out what I'm going to do from there or, you know, it's just thinking about it completely differently, which, which I find is a big shift for people.

• 51:39Speaker 01

  People want that certainty, don't they? They want to go, oh, now Phil, you said it's going to go to $10. Janine, you said this stock's going to go to $15 and you go, well, no. It's about making sure you've got that exit strategy. That's what it is, isn't it? That's what you're saying.

• 51:54Speaker 02

  You can have a forecast, but it could be that there are a number of levels that will, things that you identify on the chart which determines where the stock could go. But like you say, it's that plan that's the most important.

• 52:03Speaker 03

  Yeah. Because I mean, when you look at CXU, like just this one alone, it's pretty simple. If it doesn't take out this, where this selling started through here, I'm bearish. If it does, I'm bullish. But where to? Am I bullish just to?

• 52:14Speaker 01

  That could change tomorrow.

• 52:15Speaker 03

  Yeah. And am I bullish just to this high? Does it change then after again? Or am I bullish up to 30 cents? These are the things that I'll let the market tell me. But one thing's for sure, I would have bought well.

• 52:25Speaker 01

  Yes.

• 52:26Speaker 03

  So I can work with that.

• 52:27Speaker 01

  Yeah.

• 52:29Speaker 03

  I think that's the bigger question you need to answer, Barry.

• 52:31Speaker 01

  We don't know whether Barry owns the stock or he doesn't own the stock. We're just assuming anyway. But, but hopefully you've learnt a lot from that, Barry, anyway. But now it's time for our hot stock tip. So I'm going to hand it right back to Phil.

• 52:41Speaker 03

  All righty. So the hot stock tip is E V T Limited, which has had some big news today. Now, the company is reviewing the sale of around $800 million of non-core property, which could unlock capital and allow the company to reinvest into higher return assets. It's potentially positive because it could improve the balance sheet and lift returns. But the real benefit depends on what price the assets are sold for and where the money is redeployed. Now, let's go to the chart of E V T to see what the market thinks of it. And it's pretty positive. I mean, huge volume this week on this news. We'll go to the daily chart and have a look. Today it's popped up and bounced on the consolidation and nobody knew anything a few days ago, right Dale? There was just some big volume coming by accident there.

• 53:25Speaker 01

  Yeah, just accident.

• 53:26Speaker 03

  Just accident. And so we.

• 53:28Speaker 01

  Volume, doesn't mean much, does it?

• 53:30Speaker 03

  No, well, it's the highest volume ever on the stock and it just happened to come out a few days before then. But that's okay. So anyway, we've had a nice reaction out of that. That's positive. It's bounced up. My only concern is, this is a stock right now, when I look at it on the monthly chart, that is screaming for some catalyst to give it hope of more value.

• 53:47Speaker 01

  Yeah.

• 53:48Speaker 03

  It's stuck. It's range bound. The sellers have said not past 16 and the buyers are holding it up past 11. So we've got really clear price agreements through here. Could this be the catalyst? Sometimes it is, or often it is. When a company gets rid of dead wood, when it gets extra cash to deploy and it deploys it right, you'll find out in six months' time during earnings that they've done a good job. So I'd be watching this for sure now because it's got the story to do something. But again, being a risk manager, first I would expect an opportunity if we're going to continue higher. And if we just get that, where are we? The tool to see how far we've got from this lens. I'd expect something up 17%. So you've got about 17% upside in the short to medium term.

• 54:31Speaker 03

  If the market breaks through that level, then this could go for another nice, long growth run. But it really depends on this, you know, what gets done here? Does it, is it positive? Does it get deployed well? So short-term opportunities for sure.

• 54:44Speaker 01

  You're basically saying, have your trigger ready?

• 54:48Speaker 03

  Oh, yeah. Yeah. Look, I can see right now the way this is lining up. I can definitely see some short to medium term opportunities. Absolutely.

• 54:55Speaker 01

  Okay. So don't sit on your hands, basically. That's what we're talking about. All right. Well, if you want more hot stocks from us, check out this video.

• 55:03Speaker 00

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