At last, the ASX 200 looking slightly more cheerful having settled above 5800. Even the Monthly chart on the ASX 200 is looking fantastic and a nice green candle has a chance of developing by months end!
As a result, plenty of shares are looking very bullish in the short-term and not too many bearish charts around.
Our favourite pick this week, the HOT STOCK is Credit Corp Group Limited (CCP)!
Equity Story is currently trending CCP, however with strong charts in all time zones (monthly, weekly, daily), strong Company growth (20% NPAT), and fundamentally not overly valued, CCP wins the Hot Stock of the Week title.
We do not believe the old high will be too much resistance!