manuka resources

Today's ASX Top 10 Market Leaders with the strongest Momentum are:

Titomic Limited (TTT)

Manuka Resources (MKR)

Plenti Group Limited (PLT)

Gold Hydrogen (GHY)

Rimfire Pacific Mining (RIM)

Tesoro Gold Ltd (TSO)

ZIP Co Ltd (ZIP)

Sigma Health Ltd (SIG)

Volpara Health Tech (VHT)

EROAD Limited (ERO) - Fleet management & road user charging solutions for NZ & Australia. Simplifies operations, boosts safety, & cuts costs.

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The Aussie market futures are suggesting we’re in for a negative start, a fall of 0.5%.

Over in the US, there was a buying frenzy in silver stocks, as Reddit investors took vengeance on the likes of JP Morgan who betted the price of silver would go down. Secondly, GameStop shares jumped 68% after Robinhood re-allowed buying in the stock. 

What to watch today:

• Perth has entered a five day lockdown, while Queensland opened its border to Sydney. 
  • So expect Woolworths (ASX:WOW), Coles (ASX:COL) and IGA Owner Metcash (ASX:MTS) to do well following the frenzy buying
  • And expect Dreamworld owner Ardent Leisure (ASX:ALG) to get a kick. 
• The Gold price rose 0.5%. But the real show stopper -  will be Silver, after its price jumped 2.5%.  Keep an eye on Silver Mines (ASX:SVL) +10%, Manuka Resources (ASX:MKR) +8%, Investigator Resources (ASX:IVR) +5% and in the large caps, South32 (ASX:S32) is seeing some early buy orders. 

• Nickel-cobalt company GME Resources (ASX:GME) as its shares have been rallying as traders were mistaking its shares for GameStop which has the same ticker in the US. 
• The PM will give his first speech outlining the Government’s strategy for 2021, including spending $1.9 billion in vaccine efforts.
• Home loan data is out for December.

Trading ideas:

• Media company, Access Innovation (ASX:AIM) was reiterated as Bell Potter buy with a $1.35 target. 
• Origin Energy (ASX:ORG) was ear marked as a UBS buy on its sales volumes increasing. UBS has a $6.65 target for ORG. It last traded at $4.74. 
• ReadCloud (ASX:RCL), Evolve Education (ASX:EVO) and Enero Group (ASX:EGG) are all giving off bullish charting signals according to Trading Central.