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Need 4 Speed Read - ASX Report - 16/11/22

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 Invest platform and follow us on Twitter: 

Azeem Sheriff - @Azeem__Sheriff 
Tina Teng - @Tinateng_CMC
CMC Markets ANZ - @CMCMarketsAUSNZ
CMC Markets Singapore - @CMCMarketsSG
CMC Markets Canada - @CMCMarkets_CA

Trading Idea of the Day


  • Key levels on the chart - consider taking trades from key support/resistance zones.
  • The company has recently re-entered the Chinese market, which is the largest English language learning opportunity.
  • Although the Chinese market presents difficulty in monetisation and the possibility of change in the current political climate.
  • If Duolingo is able to penetrate deep into the Chinese market, it opens up an opportunity for a large increase in paying subscribers.
  • Given the company’s increasing presence in core markets and opportunities for further revenue generation through monetizing their upcoming Math app, the company should continue to enjoy comfortable growth over the coming years, solidifying its place as an educational institution.

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: Albemarle, Ganfeng, AMTE Power: Which stock is ahead in the lithium battery race?

Podcast of the Day: Investment educator Brian Feroldi’s three principles for long-term investing

APAC Daily Report

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

Market Snapshot & Highlights as of 8:00am AEDT

EXPECTATIONS: Energy HIGHER (higher oil prices) & Materials HIGHER on overall higher precious metal 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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