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It’s been a busy week on markets and the action shows no signs of slowing. Yesterday saw Australia’s benchmark ASX 200 index (ASX: XJO) set new intraday and closing highs as profit reporting season started off with a bang. Materials and energy stocks were among the day’s biggest gainers.
Stephen Scott from K2 Asset Management selected 3 of his favourite stocks during a presentation for Reach Markets’ Meet the Fund Manager series in April 2021. PayGroup (ASX: PYG) was one of them. All 3 company spokespersons were invited to join us to present at a subsequent Meet the CEO event. PYG’s CEO Mark Samlal …
This week our focus shifts to the A2M as it has failed to continue its upward momentum from recent lows. After a recent bounce above the 200 day MA the stock pulled back and continued its downward trend that it has been for the past year. The 200 day MA has acted as resistance during its plummet over the past year and that will be used as our protection for the trade if A2M rallies against us.