{"id":11518,"date":"2021-02-21T19:44:06","date_gmt":"2021-02-21T19:44:06","guid":{"rendered":"https:\/\/economicherald.net\/?p=11518"},"modified":"2021-02-21T19:44:06","modified_gmt":"2021-02-21T19:44:06","slug":"hot-money-monday-the-most-in-demand-stocks-on-the-asx-right-now","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11518","title":{"rendered":"Hot Money Monday: The most in-demand stocks on the ASX right now"},"content":{"rendered":"

Stockhead\u2019s Hot Money Monday analysis is based on the Relative Strength Index (RSI) \u2014 a technical gauge which measures how trading momentum is affecting the price action.<\/p>\n

A reading of 70 is seen as the level at which a company may have been overbought. If a stock has a reading of 30 or below, it could be undervalued.<\/p>\n

Click here<\/a> for a more detailed rundown of what the RSI does and how it\u2019s used.<\/p>\n

While there\u2019s usually a pretty good reason if a given stock is running hot (or cold), investors are also on the look-out for opportunities where the price action has separated from fundamentals.
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Running Hot<\/h2>\n

Here\u2019s a summary of the stocks that were running hot for the two weeks ended Friday, February 19:<\/strong><\/p>\n

Scroll or swipe to reveal table. Click headings to sort.<\/em><\/p>\n

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Code Company Price RSI Market Cap TTA TTA Holdings Ltd 0.048 100 $ 3,435,585 AQS Aquis Ent Ltd 0.5 99 $ 4,107,705 MXC MGC Pharmaceuticals 0.115 89 $ 211,736,789 MAY Melbana Energy Ltd 0.028 89 $ 62,554,988 CRO Cirralto Ltd 0.115 84 $ 197,636,305 ICT Icollege Limited 0.165 83 $ 87,234,697 NCL Netccentric Ltd 0.125 82 $ 24,675,000 IOU IOUpay Limited 0.645 81 $ 281,551,291 MGL Magontec Limited 0.035 81 $ 17,263,872 PUR Pursuit Minerals 0.052 80 $ 27,216,224 CTT Cettire 103 80 $ 371,707,265 CI1 Credit Intelligence 0.058 79 $ 80,963,282 EGL Environmental Group 0.05 79 $ 13,848,756 ASP Aspermont Limited 0.046 77 $ 106,208,942 PRT Prime Media Grp Ltd 0.27 77 $ 98,909,182 HMX Hammer Metals Ltd 0.11 77 $ 68,257,898 FTZ Fertoz Ltd 0.07 75 $ 10,872,514 BD1 Bard1 Life Sciences 2.85 74 $ 237,058,783 CXM Centrex Metals 0.034 74 $ 10,997,003 QPM Queensland Pacific 0.08 74 $ 67,172,225 AO1 Assetowl Limited 0.013 73 $ 6,428,566 ADY Admiralty Resources. 0.024 72 $ 26,660,098 BET Betmakers Tech Group 1.01 72 $ 730,216,874 FRM Farm Pride Foods 0.275 72 $ 15,174,548 AMN Agrimin Ltd 0.68 72 $ 147,762,276 RXH Rewardle Holding Ltd 0.019 71 $ 7,368,501 RFX Redflow Limited 0.085 70 $ 91,249,907 FFT Future First Tech 0.087 70 $ 49,779,527 QFY Quantify Tech Ltd 0.028 70 $ 15,617,824 TTI Traffic Technologies 0.053 70 $ 26,040,134 <\/p>\n

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WordPress Table Plugin<\/a><\/p>\n

In what may mark a first for the Hot Money column, consumer electronics wholesaler TTA Holdings (ASX:TTA)<\/a> appeared to make a bit of history by chalking up a 14-day RSI of 100.<\/p>\n

The minnow stock surged higher by 132pc on Friday before trading was paused \u201cpending a further announcement\u201d.<\/p>\n

That followed three straight days of strong gains in the trading sessions immediately prior for TTA, which distributes TEAC electronic products in the Australian market.<\/p>\n

TTA\u2019s latest 4C filing showed the company booked cash receipts from customers of $2.888m, with product manufacturing costs of $2,478k and net cash outflows of $221k. TTA finished the quarter with $1.5m in the bank.<\/p>\n

Casino operator Aquis Entertainment (ASX:AQS)<\/a> also ran red hot with an RSI of 99. No surprises there, as the stock booked two historic gains to close the week, on no news.<\/p>\n

And in line with a big week of price action in the fintech space, a number of payment and lending companies posted big RSI readings with share prices surging across the board.<\/p>\n

Fintech names in this week\u2019s Hot Money list included Cirralto (ASX:CRO)<\/a>, IOUpay (ASX:IOU)<\/a> and Credit Intelligence (ASX:CI1).<\/a>
\n\u00a0<\/p>\n

Running Cold<\/h2>\n

Here\u2019s a summary of the stocks that were running cold for the two weeks ended Friday, February 19:<\/strong><\/p>\n

Scroll or swipe to reveal table. Click headings to sort.<\/em><\/p>\n

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<\/div>\n

Code Company Price RSI Market Cap AZS Azure Minerals 0.35 30 $ 109,370,431 AAR Anglo Australian 0.1 30 $ 58,311,830 GGG Greenland Minerals 0.17 30 $ 234,674,711 MHC Manhattan Corp Ltd 0.018 29 $ 23,873,016 MCT Metalicity Limited 0.012 29 $ 22,970,925 NME Nex Metals Explorat 0.03 29 $ 8,010,709 PCH Property Connect 0.0015 29 $ 1,028,795 NTL New Talisman Gold 0.004 29 $ 11,168,901 DCN Dacian Gold Ltd 0.385 29 $ 217,038,336 MSV Mitchell Services 0.42 28 $ 84,676,465 NWH NRW Holdings Limited 225 28 $ 996,737,584 EMV Emvision Medical 2.18 27 $ 152,847,778 AKG Academies Aus Grp 0.305 27 $ 38,922,412 STK Strickland Metals 0.024 24 $ 10,528,788 E2M E2 Metals 0.365 24 $ 56,907,244 STN Saturn Metals 0.365 23 $ 39,047,224 ZNO Zoono Group Ltd 0.735 21 $ 118,161,149 BGL Bellevue Gold Ltd 0.755 19 $ 642,654,092 TOM Tomizone Limited 0.002 12 $ 850,401 <\/p>\n

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WordPress Table Plugin<\/a><\/p>\n

The post Hot Money Monday: The most in-demand stocks on the ASX right now<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s Hot Money Monday analysis is based on the Relative Strength Index (RSI) \u2014 a technical gauge which measures how trading momentum is affecting the [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11519,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nHot Money Monday: The most in-demand stocks on the ASX right now - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11518\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hot Money Monday: The most in-demand stocks on the ASX right now - 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