Coles Buy + Call Option
Coles Group is under Algo Engine buy conditions. November $18 call option adds $0.35 of income.
For more detail on the covered call strategy, please call 1300 614 002.
Fisher & Paykel – Buy Signal
Fisher & Paykel Healthcare Corporation has again created an Algo Engine buy signal on the recent higher low formation at $28.50.
The share price has fallen over 20% from the July high and we’re beginning to see buying interest rebuild.
CSL – Buy
Buy CSL
APA – Finding Support
APA is likely to find increased buying support at $10 and trade higher.
Ansell – Support Range
Accumulate Ansell within the support range indicated on the below chart.
We suggest running a covered call strategy to enhance the income return. For more detail, please call our office on 1300 614 002.
Watch last night’s webinar
If you missed it, then you can watch last night’s webinar here.
ASX – Opportunity Approaches
ASX is now under Algo Engine buy conditions and we highlight the expected buying support range of $77 – $82.
Wesfarmers – Buying Support
WES delivered stronger than expected 2H20 sales growth with Bunnings up almost 20% on the same time last year and Officeworks up 28%.
Total online sales growth across the retail businesses was very strong, up 89%. Full-year FY20 underlying EBIT A$2.9bn.
WES has been too expensive and our patience is now paying off. The stock has corrected 10% but could have further to go, given the overall selling we’re now experiencing in global markets.
WES trades on a forward yield of 3.65%. The chart below shows the wide range where we expect buying support to build.
NASDAQ – Leading Indicator
Stay short the NASDAQ or other related hedges, as long as the index continues to trade below the 10-day average.
Our hedge basket includes; BBUS, BBOZ, SNAS, YANK and GDX.
For more detail on our portfolio strategies, please call 1300 614 002.
Coles Buy + Call Option
Coles Group is under Algo Engine buy conditions. November $18 call option adds $0.35 of income.
For more detail on the covered call strategy, please call 1300 614 002.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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