3 ASX Stocks Showing Massive Rebounds: Is It Time to Buy?
By Fil Tortevski and Pedro Banales
After a volatile few months on the Australian stock market, investors are now asking whether the recent rally in several blue-chip stocks signals the start of a new upward trend. In this week’s episode of Hot Stock Tips, hosted by Wealth Within’s Filip Tortevski and senior analyst Pedro Banales, three standout ASX stocks: JB Hi-Fi, Ansell, and Aurizon were placed under the microscope for their impressive rebounds and market potential.
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JB Hi-Fi: Strong Results and a Sharp Turnaround
JB Hi-Fi delivered an impressive half-year performance with sales rising 7.3%, EBIT increasing 8.1% to $454 million, and earnings per share climbing 7.1%. The interim dividend also surged 23.5% to 210 cents per share. These figures underscore the company’s resilience despite ongoing retail sector challenges.
Filip noted that, from a technical standpoint, buying pressure surged to levels not seen in months, suggesting renewed investor confidence. Historically, JB Hi-Fi’s pullbacks tend to recover powerfully, and this current 40% retracement sits within typical bullish recovery zones seen before in the stock’s chart history.
If the stock closes strongly to end the week, the pattern could indicate that major lows are in and that a new upward phase is forming. Traders who understand confirmation signals and entry triggers can use this opportunity to refine their strategies, which are concepts that are covered extensively in our Diploma of Share Trading and Investment.
Ansell: Breaking Out from Long-Term Support
Ansell, one of Australia’s leading global protective equipment brands, also saw its strongest buying day in over six months after reporting 19% earnings growth and announcing a $47 million share buyback. Management reaffirmed full-year guidance, which eased investor uncertainty and helped propel the share price higher.
From a technical perspective, Pedro highlighted a key support zone around $30, a level that has historically acted as both resistance and support. The stock is now trending upward after breaking a long-term downward momentum line from 2023. If the price pushes above $37, it could confirm a new bullish phase.
Ansell’s current setup offers both short-term trading potential and long-term value for investors interested in strong technical formations and volume confirmation signals. Aspiring traders seeking deeper insight into these kinds of strategies should explore our Short Course in Share Trading, which covers foundational trading techniques and disciplined analysis for consistent results.
Aurizon Holdings: A Quiet Performer with Strong Fundamentals
Aurizon Holdings (AZJ) also made headlines after reporting 9% EBIT growth, a 16% increase in net profit after tax, and a 36% rise in its interim dividend. Additionally, the company extended its share buyback program by $100 million, signalling management’s optimism about its valuation.
Technically, Aurizon’s trend is strengthening, presenting higher highs and breaking through key momentum resistance levels. Filip and Pedro both highlighted that the next major resistance areas lie between $3.90 and $4.20. If the price can break above these thresholds with conviction, the next upside target could be around $5.50, representing a significant medium-term opportunity for traders who spot early trend continuation patterns.
This example shows why understanding advanced trading confirmation methods and risk management principles is essential not just to catch promising rallies, but also to identify where to protect capital.
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Learning from Market Rebounds
The analysis of JB Hi-Fi, Ansell, and Aurizon underscores a common principle: strong price action combined with solid fundamentals can mark critical turning points in the market. Recognising early signs of trend reversals and confirmation signals is a skill that every trader should cultivate.
To gain a stronger foundation in identifying opportunities like these, especially if you’re new to trading or investing, explore our beginner resources via Stock Market for Beginners.
Get Market Insights from Wealth Within
If you’d like to see more real-time analysis like this, take a look at our Hot Stock Tips videos and ASX video library, streamed live each Tuesday night on Wealth Within’s Australian Stock Market Show.
Whether you’re watching the recovery in JB Hi-Fi, Ansell, or Aurizon unfold, the key to success lies in understanding price action, confirmation, and disciplined trading strategy. With the right education and tools from Wealth Within, you can trade with the confidence and precision needed to excel in all market environments.
Since 2002, About Wealth Within has been Australia’s most trusted name in trading education, offering government-accredited and industry-leading training in technical and fundamental analysis. With over 23 years of experience and thousands of success stories, Wealth Within continues to empower traders to achieve consistent, profitable results in any market condition.
