‘Humming along’: Cloud computing provider ‘primed for a run’ is Hot Stock tip this week

The Market Herald
02-11

Data #3 Limited (ASX:DTL) is the HotCopper Hot Stock tip picked out by Wealth Within analysts Fil Tortevski and Pedro Banales this week, with the duo agreeing the cloud computing and ICT solutions provider is “priming for a run.”

Of particular note here, Mr Tortevski explained, is that the “tech sector has been humming along” in 2024 and early 2025 – and DTL is a perfect place to jump on.

“It’s time for this one turn,” he declared when checking in on the Data #3 charts.

“At critical lows we’ve seen markets tick over; given we’ve turned [a corner] here… we may have already seen a major low. It’s all about getting that strategy right to get in.

“In 2024 it was actually falling away – but where it is right now, from a technical perspective, looks like it’s priming up [for one of those runs],” Mr Tortevski explained. “It can take those all time highs and does look like it’s turning.”

Data #3 Limited last sold at $7.34 today after gaining 0.8%.

Proceed With Caution

Now, Tech has been a best-performer, but not everything is working out. For one, Seek Limited (ASX:SEK) has struggled to capitalise, Mr Banales said, and has been “sliding sideways” for more than a little while.

“You could have traded this short term but if you bought in as far back as… 2022 you’d be at the same place,” he added. “It could even stay range bound.”

Finally: “There’s no clear reason to get into this stock until it provides a clear direction.”

The employment marketplace added 1.8% today, to $23.76 a share.

Not Hot

And for one to avoid right now, Pexa Group Limited (ASX:PXA) stands out. This was a Hot Stock Caution last year, but has failed to bust any meaningful levels since Wealth Within last took a look at the company.

“This stock may have just simply hit where buyers think it should be,” Mr Tortevski said. “Maybe if you don’t look at technicals you could still hold here.”

Pexa shares have been selling at $11.91 through Tuesday.

This show comes in the lead-up to Wealth Within’s live YouTube show tonight at 7pm AEDT.

You can join conversations on Wealth Within’s tips on HotCopper here.

Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He’s also the author of Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in bookstores and online at www.wealthwithin.com.au.

DisclaimerWhile Wealth Within holds an Australian Financial Services License (AFSL:226347) the information featured in this program is general in nature and therefore should not be relied upon.Before making any investment decisions, you should consult a licensed professional who can advise whether your investment decisions are appropriate for you.

The material provided in this article is for information only and should not be treated as investment adviceViewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions.For full disclaimer information, please click here.

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