High-Risk, High-Reward Setup at Critical Confluence ZoneSTP is offering a compelling—but extremely high-risk—opportunity. As a nanocap stock with no confirmed uptrend, risk management must be the top priority.
Price has retraced into a major Fair Value Gap (FVG) from August 2023, and notably, the August 2025 candle printed a strong demand wick on elevated volume. This zone aligns with:
The 200% Fibonacci extension from the double top at 1.940
The 50% extension from the 1.900 swing high to the April 25 low
A 74-week decline from the 1.950 high, marking a significant Gann time support—a detail seasoned time-cycle traders will appreciate
This confluence suggests a structurally significant support zone where price may be preparing for a reversal.
Trade Scenarios
Option 1: Wait for a Wick Retest Price may revisit the demand wick/yearly s2 pivot, offering a more refined entry with improved risk-to-reward. Look for a strong daily or weekly bullish candle off the retest, with the stop-loss placed just below the wick.
Option 2: Enter Now with Wick as Anchor Aggressive entry at current levels, using the base of the large demand wick as your stop-loss. This approach allows price to develop organically while maintaining a defined risk profile and if there is a retest of the wick then could add more to the position (must be in line with your risk appetite) but just food for some thought.
Option 3: Liquidity Sweep & Reversal Price could sweep the lows of the demand structure, triggering stop-losses and trapping late shorts. A sharp reversal from this move would confirm a classic liquidity grab—ideal for reactive entries once momentum shifts.
This setup is rich with technical nuance and timing precision. Whether you're trading the wick, the sweep, or the structure itself, the key is disciplined execution and respect for volatility.
Trade ideas
STP BUY SETUP! RUNNING FLAT COMPLETE ABOUTPURCHASED THIS STOCK TODAY!
LOOKING AT A DAILY MOVE TO THE UPSIDE WITH A RUNNING FLAT COMPLETED
that being said, its hard to say how high this will go, ie do you hold it to break its original estimated (highest high), estimating break of previous high or +100%
ASX Top 10 Momentum Stocks: 5 Sept 2023 - Finer Market PointsASX:4DS NYSE:RDN ASX:WC8 ASX:LDX LSE:ARV SET:STP NASDAQ:BVS FWB:AD8 ASX:EOL NASDAQ:EML
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly through our Friday video on our YT channel.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
4Ds Memory Ltd (4DS): 4Ds Memory Limited specializes in developing Interface Switching ReRAM (resistive random-access memory) technology, targeting the semiconductor industry.
Raiden Resources Ltd (RDN): Raiden Resources Ltd is a resource exploration and development company, with a focus on precious and base metals in Europe. They are Ni Cu PGE miners in the WA Pilbara region and also involved in Copper-gold exploration in Serbia and Bulgaria.
Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper as well.
Lumos Diagnostics Holdings Ltd (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.
Artemis Resources Ltd (ARV): Artemis Resources Ltd is involved in mineral exploration and development with a focus on gold, base metals, and strategic minerals projects in Western Australia.
Step One Clothing Ltd (STP): Step One Limited runs the direct-to-consumer online retailer for underwear.
Bravura Solutions Ltd (BVS): Bravura Solution Limited provides software solutions for the wealth management, life insurance, and transfer agency industries.
Audinate Group Ltd (AD8): Audinate Group Limited is a digital audio-visual networking technologies company, known for its Dante media networking solution.
Energy One Ltd (EOL): Energy One Limited is a company operating in the energy sector, providing software solutions to the utilities and energy trading industries.
EML Payments Ltd (EML): EML Payments Limited is a company in the payments industry, offering prepaid and gift card solutions, as well as digital banking and mobile payment services.



