Coles supermarkets delivered comparable sales growth of 9.7% in the September quarter. Liquor sales across the Coles network rose 17.8%.
We suggest buying Coles and selling out of the money call options to enhance the income return.
For more detail on the strategy, please call our office on 1300 614 002.
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
Valuation support within the $61 – $63 range.
Bega Cheese has continued to see buying interest above the $5.00 support level.
The chart below shows the range where we will be watching for the short-term momentum indicators to turn higher.
Brambles is now approaching the $10 support level and we suggest accumulating the stock within the $10 – $10.50 price range.
Coles Group looks like it will retest the recent $16.60 higher low formation.
We see value within the broad price range of $16 to $17 and suggest investors accumulate a position.
National Australia Bank is under Algo Engine sell conditions and we expect selling pressure to build at the $19.50 resistance level.
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The chart below shows the range where we will be watching for the short-term momentum indicators to turn higher.
The chart below shows the range where we will be watching for the short-term momentum indicators to turn higher.
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