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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! 

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Trading Idea of the Day
 

NYSE:DUOL - Duolingo Inc - BULLISH BIAS

  • 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



 

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)


Disclaimer: CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.

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