fbpx

Exit Short CFD Positions in Suncorp

Our ALGO engine has triggered another buy signal for SUN into yesterday’s ASX close at $13.68.

SUN has been a popular short CFD position on our SAXO Go trading platform since trading at $15.50 two months ago.

You're not a member!  Trial today

We now suggest that investors holding short SUN positions buy them back to close the trade.

After our first ALGO signal on October 2nd, we suggested that SUN would be a reasonable buy/write strategy near the $13.60 support line.

Ongoing deleveraging in the domestic market may challenge the $13.60 price point and we will update SUN in a future posting.

Suncorp

 

 

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2024 Investor Signals

Send our ASX Research to your Inbox

Or start a free thirty day trial for our full service, which includes our ASX Research.