Capricorn Metals Shares Sharply Off Highs, As Capacity Expands
Capricorn Metals shares (ASX: CMM) opened the week at A$14.35, down 0.35% on the day, extending a correction that has now seen the price fall back 27% from 52-week highs just under six weeks ago. Despite the recent weakness, the CMM share price has found a degree of stability around the A$14.20 to A$14.30 range,…
CSL Strikes New Deal as Shares Enjoy Rare Period Of Consolidation
CSL shares (ASX: CSL) have opened October on the back foot, shedding 3.92% across the first three trading sessions of the month to slip below the psychologically important A$180 level. The announcement today of a deal with Alentis helped arrest that slide, with CSL’s share price adding A$1.64, or 0.94%, to close at A$176.99. The…
4DMedical The Worst Performer on The ASX 200 Today: Key Moving Average Flips
4DMedical shares (ASX: 4DX) wrapped up the first trading day of the week at the bottom of the ASX 200 leaderboard, falling back 6.22%, after once again failing to clear resistance. The 4DX share price closed out the session at A$4.07, down A$0.27 or 6.22%, in a move that saw the stock fall below the…
Megaport Leads ASX 200 Into New Week: All Time High Close For MP1
Megaport shares (ASX: MP1) closed at a record high of A$22.34 ahead of the weekend, capping an impressive week of momentum off the back of AI infrastructure contract wins, and a significant guidance upgrade. Megaport shares were the ASX 200 leader on the day, with a gain of 10.32% bringing with it the stock’s first…
Zip Co Shares Bounce Off Support Following Difficult Quarter
Zip Co shares (ASX: ZIP) closed the week at A$2.07 after bouncing firmly off the psychologically critical A$2 level, offering bulls their first meaningful foothold following a bruising third-quarter. As modest as the move is compared to the recent move lower, there are signs that buyers may be willing to step in and provide a…
Fortescue Slips Below A$50 Billion as Shares Drop 28% In Four Months
Fortescue shares (ASX:FMG) have lost 28% over four months, with the price rounding out the week at A$16.19, as market cap slipped below the A$50 billion. The FMG share price has been under pressure of late, with Friday’s fell 1.1% pullback seeing the stock come within three cents of the 52-week low on the day….
CBA Shares Snap Three-Week Losing Streak: Is Support Forming?
Commonwealth Bank of Australia shares (ASX: CBA) ended a three week pullback, with a late-week bounce providing some welcome relief after the stock hit its lowest level in over a year. The CBA share price rounded out the week at A$154.45, up 0.41% on the period, as Friday’s 1.16% gain shifted the mood. Whilst it…
DroneShield Shares Reclaim Key Moving Average After Solid Week
DroneShield shares (ASX: DRO) closed out last week on firmer footing, bouncing 13.4% to reclaim an important technical level after securing a position on a major US homeland defence procurement panel. Things are starting to look a little better for bruised holders as the final quarter of the year gets under way. After a difficult…
EQ Resources Shares Pull Back From Highs: From Leader To Laggard
EQ Resources shares (ASX: EQR) have been the best-performing ASX stock over A$200M market cap over the past 12 months, yet rounded out last week as the worst performer on the ASX 200, down 10.11% to close at A$0.40 as profit-taking accelerated into the weekend. The move extends a 26% pullback from all-time highs hit…
Lindian Resources Down 26% on Week, as Lithium & Critical Minerals Shares Cut
Lindian Resources shares (ASX: LIN) fell 26.67% over the past week to close at A$0.44, extending what has become a punishing three-month pullback of 54% from recent highs. The sell-off has been steep enough to raise questions about near-term support levels, though the stock technically remains 4.76% higher year-to-date, a reminder of just how strong…
