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Need 4 Speed - ASX Report - 26/09/22

ASX trading

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst! 

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter: 

Azeem Sheriff - @Azeem__Sheriff 
CMC Markets - @CMCMarketsAUSNZ

Trading Idea of the Day

NYSE:PNN - Pinduoduo Inc - BULLISH BIAS

  • Key levels on the chart - consider taking trades from key support/resistance levels
  • Pinduoduo’s recent venture into fresh produce, Duo Duo Grocery, has been instrumental in helping alleviate recent concerns over food security by introducing a supply and demand model that can match local shoppers with local produce suppliers in under 24 hours.
  • The company is pioneering what it calls a feed-based shopping experience where users are presented with a social media-like feed where they can discover products they may not have known they wanted.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research

Article of the Day: Delisting risks ease for Alibaba, JD.com and Pinduoduo shares
Podcast of the Day: OPTO Sessions Inside Callum Thomas’ Topdown Charts analysis process 

APAC Daily Report

Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy LOWER (lower oil/nat gas) & Materials LOWER on falling commodity prices.

Global Markets Headlines

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)


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