Everyone Missed this Dip on These ASX Stocks: Buy Now

Three ASX stocks have quietly dipped in the background while the market has been focused elsewhere, and their share prices may have just found major bottoms. When the crowd is looking the other way, that is often precisely when the best opportunities emerge for prepared traders. 

In the latest Hot Stock Tips Show, senior analyst Filip Tortevski and analyst Pedro Banales walked through three overlooked names: Centuria Industrial REIT, REA Group and Nine Entertainment, each showing technical signs of a possible turning point. Here is the full breakdown. 

Stock One: Centuria Industrial REIT (CIP)

Centuria Industrial REIT is Australia's largest pure play industrial REIT, with exposure to industrial warehousing and a rapidly growing data centre footprint, including an upcoming $60 million data centre project. That data centre space is one of the hottest areas in the market right now for demand, and it could well be the catalyst that changes the technical picture for this stock. 

Looking at the price, the $2.80 level has been one of the most consistent, significant zones for CIP since 2020. Going back even further, applying a momentum line from 2014 shows that this line has caught every major pullback on CIP right up to today. Recently, price returned to that crucial momentum and found a bounce. Four months on, the stock has failed to move any lower, which is a strong sign that buyers are stepping in. 

The immediate upside target sits at around $3.59, which is where CIP has been range bound. From here that represents roughly 20 percent upside on the monthly, and the weekly chart is showing early remnants of buyers taking control. Sellers had four weeks to push the price lower off the April low and failed. If CIP can hold above $3 and clear $3.10 to $3.13, there is a nice runway to attack those upper levels. 

Fundamentally, CIP has a P/E ratio around 13 and pays a solid dividend near 5.4 percent, so the underlying story supports the technical setup. And critically, this is a liquid stock, meaning you can enter and exit at the prices you want, which is essential for consistent execution. Multiple entry chances have historically presented themselves each time price crosses back above key momentum, with typical upsides of 17 to 18 percent per move. 

Stock Two: REA Group (REA)

REA Group is the operator behind realestate.com.au, and it has one of the strongest competitive moats in Australia. That dominance has attracted regulatory attention, but the underlying business remains firmly entrenched. 

Technically, REA has pulled back to the downward momentum trend, and while the monthly chart has not yet decisively crossed above it, the weekly chart with a tighter momentum line looks like it already has. Volume is picking up, and the stock is holding a very strong level at around $130 that has repeatedly acted as both support and resistance. It was supported in 2021, supported again in 2023, resistance in 2022 and most recently supported in June 2026. 

An important nuance many investors miss is that REA sits in the communications sector, not technology, despite being an app and website. Communications is projected to grow significantly, which strengthens the top-down case for the stock. The near-term upside target sits around $193, rounding up to $200, representing 18 to 20 percent upside. Beyond that, the next major resistance is around $230. 

This is also a perfect example of why technical price action leads sentiment. Over the last month, the news backdrop has been genuinely bearish for property, with talk of stickier inflation, potential rate rises, weak clearance rates and renewed geopolitical risk. Yet the REA share price is up around 19 percent over the same period. Applying a momentum line from 2012 that has touched every major low since would have flagged the $140 zone as the level to watch, months in advance of any of the recent news. That is the power of reading prices properly rather than chasing headlines. 

Stock Three: Nine Entertainment Group (NEC)

Nine Entertainment is a higher risk setup and needs to be acknowledged as such upfront, but the technical position is genuinely compelling. Going back to 2016, the price hit an all-time low at 87 cents and delivered a 200 percent run. Six years later in 2020, price touched almost exactly that same level again and delivered a 250 percent run. Today, the price is right back at that level, and buyers are starting to step in through July. 

The company itself has flagged expectations of strong EBIT growth from Stan, its digital streaming platform. If Stan materially beats expectations at the upcoming earnings, it could surprise the market by strengthening the argument that Nine's digital businesses are becoming powerful enough to offset the ongoing weakness in traditional TV advertising. 

On the weekly chart, volume is not extraordinary, but the dynamic is very similar to the 2017 and 2020 setups. Buyers came through, sellers made weak attempts to push prices lower, and then the big run began. From March through July, sellers have tried and failed to break the recent low. The key short term trigger is a break above the $1 to $1.02 level. If NEC can clear that, it becomes worth watching seriously for short, medium and long term traders. 

Upside potential is substantial. The IPO price zone around $1.91 has historically been a level this market has gravitated towards, and a run to those levels from current prices would represent roughly 82 percent upside. For added confirmation, waiting for a move above $1.10 would provide a stronger technical signal before committing capital. Higher risk, but the risk to reward on offer is genuinely worth watching. 

Why Fundamentals and Technicals Both Matter

A common misconception is that technical traders ignore fundamentals. That is not the case. The best trades happen when fundamentals and technicals align, because the big money moving markets are largely fundamentally driven, and technical traders essentially ride on the back of those waves. 

But there is one question that separates traders from analysts. You can sit down with any macro guru, economist or fundamentalist and get a compelling story about future catalysts, valuation and thematic tailwinds. The critical follow up question is simple. When are you going to buy? More often than not, there is no clear answer. Retail traders have a genuine edge because if you learn how to buy and sell well, using price as your primary trigger, you are one step ahead of everyone still stuck in the world of ifs and buts. 

We have seen countless examples of stocks with excellent fundamentals get hammered, and stocks with poor fundamentals rally hard. Zip during the COVID era is a classic example of the latter. The point is not to ignore fundamentals. The point is to weigh them properly against what price is actually doing, because using fundamentals alone without watching price action is playing the game blind. 

Building the Skills to Trade Setups Like These

Identifying momentum lines that have held for over a decade, reading buyer and seller dynamics on weekly charts, and knowing which levels to watch for confirmation are not skills you develop by accident. They are the exact techniques taught through our trading courses, designed to give traders a repeatable, structured framework. Anyone starting out with a foundation in technical analysis and money management is best served by the Short Course in Share Trading.  

Those ready to commit to the complete professional framework should look at the Diploma of Share Trading and Investment, which is the only government accredited course of its kind in Australia. Graduates ready to sharpen their edge with time analysis and Elliott Wave techniques can progress into the Advanced stock trading course. To learn more about who we are and our track record, visit About Wealth Within. 

Final Thoughts

Centuria Industrial REIT is quietly finding buyers at a level that has held for over a decade, offering 17 to 20 percent upside with a supportive dividend and data centre catalyst. REA Group has pulled back to a decade-long momentum line, and buyers are stepping in with roughly 18 to 20 percent upside to the immediate target. Nine Entertainment is higher risk but sitting at a level that has produced 200 to 250 percent runs twice before, with a potential 82 percent move on offer if it can clear the key breakout trigger. 

These are the kinds of setups that only exist when the crowd is looking elsewhere. Once these stocks are making headlines again, most of the low-risk entry opportunities will already be gone. Watch the levels, wait for confirmation, and be ready to act when price gives the signal. 

Disclaimer: This article is general in nature and does not constitute personal financial advice. Always conduct your own research or consult a licensed adviser before making investment decisions.