Hot Money Monday: These are the most in-demand stocks on the ASX right now

Each Monday, Stockhead recaps the ASX stocks that are running hot with investors.

The analysis is based on the Relative Strength Index (RSI), a technical gauge which measures how trading momentum is affecting the price action.

A reading of 70 is seen as the level at which a company may have been overbought. If a stock has a reading of 30 or below, it could be undervalued.

Click here for a more detailed rundown of what the RSI does and how it’s used.

While there’s usually a pretty good reason if a given stock is running hot (or cold), investors are also on the lookout for opportunities where the price action has separated from fundamentals.

Running Hot

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, November 27:

Scroll or swipe to reveal table. Click headings to sort.

Code	Company	Price	RSI	MktCap$
OEQ	Orion Equities	0.08	96	$ 1,425,151.12
WTL	Wt Financial Grp Ltd	0.06	95	$ 10,000,314.00
CMD	Cassius Mining Ltd	0.027	92	$ 7,755,652.53
SAN	Sagalio Energy Ltd	0.015	86	$ 3,069,901.95
CNB	Carnaby Resource Ltd	0.36	85	$ 42,381,143.28
MAN	Mandrake Res Ltd	0.095	77	$ 28,474,866.90
CXU	Cauldron Energy Ltd	0.033	77	$ 15,679,982.92
ENX	Enegex Limited	0.049	77	$ 6,773,329.88
AMO	Ambertech Limited	0.16	76	$ 12,997,349.15
KNO	Knosys Limited	0.13	75	$ 19,348,624.88
EM2	Eagle Mountain	0.32	75	$ 49,740,119.28
TLX	Telix Pharmaceutical	3.25	75	$ 896,486,571.50
HT8	Harris Technology Gl	0.165	73	$ 38,249,322.15
FUN	Funtastic Limited	0.093	73	$ 88,807,690.65
DEG	De Grey Mining	0.99	73	$ 1,278,415,061.00
MCP	McPherson's Ltd	1.93	73	$ 239,393,704.77
MIO	Macarthur Minerals	0.44	72	$ 58,943,263.72
PTB	PTB Group Limited	66.25	72	$ 86,962,074.72
GME	GME Resources Ltd	0.06	71	$ 33,412,015.80
FZR	Fitzroy River Corp	0.24	70	$ 20,727,216.24
EMU	EMU NL	0.042	70	$ 14,847,228.31
TMZ	Thomson Res Ltd	0.079	70	$ 22,066,375.60
IVT	Inventis Limited	0.008	70	$ 7,494,926.55

A total of 23 stocks posted a 14-day RSI above 70 or above this week, up slightly from 22 last week.

A couple of listed investment firms ran hot this week, with Orion Equities (ASX:OEQ) and WT Financial (ASX:WTL) ending up at the top of the list on the back of what appeared to be very little market activity.

Embattled gold-limestone developer Cassius Mining (ASX:CMD) also ended up near the top of the list, after it ran hard again last week on no news.

One daily surge prompted a speeding ticket from the ASX, which issued a price query after the stock ripped higher by as much as 250 per cent.

Cassius is currently engaged in a legal battle with the Ghanian government over its Gbane gold project.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, November 27:

Scroll or swipe to reveal table. Click headings to sort.

Code	Company	Price	RSI	MktCap$
CLB	Candy Club	0.145	25	$ 32,508,127.10
CXO	Core Lithium	0.059	27	$ 56,676,828.30
CAN	Cann Group Ltd	0.465	22	$ 137,654,292.78
RVS	Revasum	0.425	14	$ 14,114,122.93
PCH	Property Connect	0.0015	27	$ 1,028,795.21
N1H	N1 Holdings Ltd	0.07	13	$ 5,708,890.11
GSN	Great Southern	0.073	29	$ 30,781,811.08
WFL	Wellfully Limited	0.125	26	$ 19,043,327.29
IS3	I Synergy Group Ltd	0.045	11	$ 8,247,063.96