We have reiterated this “Trade Idea” this morning as still very much open after some subscribers questioned its accuracy when CAT traded above $4.70 last week. No change, we are looking for a number of strong bounces, at the very least, by the ASX tech stocks into 2026, the big question has been how far can they fall first with new lows feeling likely for many this morning, hence at this stage we’re placing bids below the recent low. There were a number of candidates to play such a recovery, with two looked at today but in subtly different ways:
- We are looking for a low in the high growth ASX stocks in the coming days, with CAT our preferred bounce candidate – note we have lifted our bid slightly to ~4% below Fridays close.
Trade Idea: Buy Catapult Sports Ltd (CAT) at $4.04 with initial stops at $3.60 – 11% risk.
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