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Investment management company, Centuria Capital Group (ASX:CNI) is the ‘Hot Stock’ tip today from Wealth Within’s Dale Gillham and Filip Tortevski.
Wealth Within analyses graphs showing share price movements in order to make predictions.
“The momentum is changing from down to up and I think further upside is the play moving forward,” Mr Tortevski said.
“It had the period where buyers came in strong during December and January ’24 and rather than falling all the way down like it had done since the all time high.
“Really it’s found a base literally at half of the previous run up, so speaking a lot of strength to me.”
Centuria Capital has been trading above $1.70 today (2.28pm AEST).
‘Proceed with Caution’ & ‘Not Hot’
The ‘Proceed with Caution’ pick is South 32 (ASX:S32) and ‘Not Hot’ this week is Mineral Resources (ASX:MIN) which has lost 50% in three months. Dale Gillham warns investors to avoid ‘buying the dip’.
In this segment, they also discuss trading trends around Materials and Energy stocks.
Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He is also the author of Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in bookstores and online at www.wealthwithin.com.au
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