Judo Capital Holdings Limited (Judo Bank) reported a strong first half of the fiscal year 2024, with a notable profit before tax increase of 24% compared to the previous period.
A quick 10% rally in just 6 session may see JDO run out of steam around $1
There are no imminent company announcements to trigger a catalyst for a significant jump from here.
We think it is prudent to bank a 10-15% profit on half and either re-enter under 90c or continue running the 10% trailing stop
A bounce in the Lithium spot price after a dramatic year long fall should see Liontown bounce back towards it $3 takeover bid price
Amid global economic unrest, the Australian dollar dips below US65¢, while China faces deflationary pressures. Noteworthy stock movements include CBA’s rise and InvoCare’s notable upswing.
ASX flatlines as investors balance China’s stimulus against tech downturn, with TSMC’s bleak outlook exacerbating concerns amidst muted miner growth and emerging bank profit-taking.
Exploring the unexpected market recovery: Key sectors outpace a sluggish economy, bolstered by policy speculation and strategic guidance upgrades.
ASX gears up for a robust day, influenced by China’s expected stimulus, U.S. cyclical and banking upswing, and policy developments from central banks of New Zealand and Australia.
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