Boral

20/5 Boral is in our focus following the price trading below our target of $2.50 and the short-term indicators now turning back up.

See highlighted support levels in the chart, a break below these levels will trigger a stop loss.

Buy BLD above $2.50.

The above post is from the 20th of May. We continue to see upside momentum in BLD.

3/6 Boral is now displaying an Algo Engine sell signal. We see overhead resistance near the $4.00 price range.

CIMIC Group

Cimic Group

CIMIC provided no update on 2020 guidance, but reported its 1Q20 result with revenue of A$3.3bn, down 3% on the same time last year. NPAT was down 8% to $166mn.

We forecast 2020 full year NPAT to be in the range of A$700 – A$750mn.

Buy above $22.50 support.

Since making the above post, CIMIC has now rallied to $25.50 and we see further upside in the stock.