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This week’s HotCopper Hot Stock tip of the week, as chosen by Wealth Within senior analyst Fil Tortevski and analyst Pedro Banales is Bega Cheese Limited (ASX:BGA) – the dairy producer has been on “an absolutely stellar run” recently.
Notably, the Australian food and drink giant has spiked more than 58% through the last year-to-date, with its bull run towards $8 starting as far back as 2023.
“Since 2010 it’s been finding support in several places, hitting that last year,” Mr Tortevski said. “Then when you go up a level, around $4 was a support level and it found that again in August 2024. We’re approaching that next important level [at around $6.50 or higher] and the stock is really moving quite cyclically there.”
Mr Tortevski asked: “Is there an opportunity there soon? I think so, absolutely.”
“The volume is coming down there,” Mr Banales pointed out, “and it actually did that as it started accumulating last time; look out for volume spiking as it comes out.”
“Fundamentally, I love this stock,” he added.
Bega has already jumped 2.5% today, to $5.43 a share.
Proceed With Caution
When it comes to stocks you should be proceeding with caution on, Mr Tortevski and Mr Banales pointed out $40 billion road-toll operator Transurban Group (ASX:TCL).
“Long term, the stock is stuck sideways,” the Wealth Within duo warned.
TCL has been up today, 1.86% better at $13.16.
Not Hot
Pexa Group Limited (ASX:PXA) is the “Not Hot” tip this week, with the technology company dropping into the bad books after originally being a Wealth Within darling.
“We did like this one a little while back,” Mr Tortevski today admitted, “but when investing you always need to see things for what they are and have no bias about when you’re buying or selling a stock and be able to turn on a dime.
“That’s what this example with Pexa was – it was interesting, but then we saw it fail at $15 and it failed, had a second go, [and] failed that… it doesn’t look pretty.”
PXA last traded at $13.46 before the 4pm close today.
This show comes in the lead-up to Wealth Within’s live YouTube show tonight at 7pm AEDT.
You can join conversations on Wealth Within’s tips on HotCopper here.
Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He’s 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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