The ASX 30:30 List: Finding the New Market Leaders

ASX's Top 30 Momentum and Launch Pad shares this week.

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Christopher Hall
Christopher Hall
Stockbroking, investment manager and adviser since 2005. No advice provided on Bizfeed.

From Launch Pad to Momentum Leader

30 30 List ASX Momentum Leaders 4 April 2023
ASX Top 30 Momentum and Top 30 Launch Pad Stocks

The strong momentum of the ASX’s Market Leaders carries their share prices higher for the best trading opportunities.

Understanding these momentum leaders is the first start to identifying the next leaders. Finer Market Points explores the charts to understand the best performers today and those poised for a breakout in the next week or two.

Traders are constantly surfacing the top trading shares on the ASX by combining two leading scanning and filtering tools. William O’Neil’s Relative Strength Index (RS Index) and Mark Minervini’s Volatility Contraction Pattern (VCP) are two of the most highly regarded filtering methods to find the market’s best trading shares. Applying these scans to the ASX to find a shortlist of trading shares to review.

Gary Glover covers Finer Market Points’ Weekly 3030 List for the ASX’s Top Momentum shares for the quarter and weekly leaders. Reviewing the List Gary covers the trades he’s looking at that are on the Launch-Pad, fuelled up and ready to run.

ASX trading history shows that the strongest rallies have come from the Small-Cap miners, out-performing the larger caps that contribute to the theme help drive the market as the ASX200 reaches new highs. Investors Business Daily publish RS Index data for the US, although this data is harder to come by for the ASX.

Finer Market Points looks at the best small-caps to understand their charting patterns, volume, timing, and gains to find Pocket Pivots, Volatility Contraction Patterns, Buyable Gap Ups, and High and Tight Flags along with RS Index and VCP scanning. These are used in conjunction with canslim (CAN SLIM) and Wyckoff’s theory.

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