Yes, most new entries into the ASX 300 list are strong stocks like NWH. Strong uptrend coupled with a new upgrade index inclusion.
The bottom five companies on the ASX 200 list (RFG, MYR, HT1, IFN, GTY) all feature weak bearish chart patterns. They will end up in the ASX 300. Unlike NWH, these stocks are only suitable for shorting, or avoiding completely.
VOC features a very weak bearish chart pattern, so has been rightly removed from the ASX 100 list.
ASL features both a strong bullish chart, and a new inclusion into the ASX 200 list.
The quarterly rebalance of the S&P/ASX Indices are important to study when looking for weight of evidence either to short new deletions, or buy new additions.
Bullish Sign? - Bounced off 200 EMA, page-1704
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Last
$3.89 |
Change
-0.010(0.26%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.92 | $3.84 | $906.3K | 232.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 10542 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 6560 | 22 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
