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Momentum Model Portfolio Rebalancing: EXIT (ASX: KCN) and ENTRY (ASX: MPW)

Apr 29, 2026 | Team Kalkine
Momentum Model Portfolio Rebalancing:  EXIT (ASX: KCN) and ENTRY (ASX: MPW)
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  • KCN:ASX
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (AU$)
  • MPW:ASX
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (AU$)

Exit Case: Kingsgate Consolidated Limited (ASX: KCN)

Overview: Kingsgate Consolidated Limited (ASX: KCN) is an Australian gold and silver producer, known for its Chatree Gold Mine in Thailand and the Nueva Esperanza Gold-Silver Project in Chile's Maricunga Belt. With extensive experience in gold exploration, development, and mining, Kingsgate is a key player in the Pacific Rim region.  KCN has been a part of the 'Momentum Model Portfolio' since March 16, 2026. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the current market price of AUD 6.490 as on April 29, 2026, at 12:04 PM AEST.

KCN’s Daily Chart

New Entry Case: Metal Powder Works Limited (ASX: MPW)

Overview: ​ ​ Metal Powder Works Limited (ASX: MPW) is an Australia-based company focused on developing, manufacturing, and supplying metal powders and related technologies. Its products are used across advanced manufacturing, including additive manufacturing and 3D printing, as well as broader industrial applications.

Technical Analysis: MPW has recently broken above a key falling trendline resistance on the daily chart, indicating a potential transition toward a stronger bullish structure and opening the door for sustained upside. The breakout suggests improving investor sentiment and a possible shift in trend after a period of consolidation. Momentum indicators remain supportive, with the 14-period RSI hovering around 62.40, reflecting healthy buying interest while still leaving some room before entering overbought territory. Importantly, the stock continues to trade above its 21-period Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the constructive outlook.

MPW is recommended as a new entry in the 'Momentum Model Portfolio' as on April 29, 2026. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the current market price of AUD 2.910 as on April 29, 2026, at 12:04 PM AEST.

MPW’s Daily Chart

Support and Resistance Summary (As on April 29, 2026)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of April 29, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.


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Past performance is not a reliable indicator of future performance.

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