The XJO index has hit resistance at 6940 points and is now trading below the 10 day average.
BBOZ provides an opportunity to profit from a downside move in the index, should selling momentum continue.
We’ll cover more on this during Monday night’s webinar. To create a free trial to our research service please visit the following link and join us for the next four weeks free of charge. https://www.investorsignals.com/research/
Chart XJO
Chart BBOZ
Coles Group is under Algo Engine buy conditions.
Monitor Coles for a swing higher in the short-term momentum indicators within the $14.50 to $15.50 price range.
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We expect 10% EPS growth into FY22 and the 2% plus dividend yield remains well supported.
Watch the short-term indicators for a turn higher between $15.50- & $16.50
{ASX:CWY) is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support between $2.00 and $2.20. Watch the short-term indicators for a turn higher, within this support range.
Coles Group is under Algo Engine buy conditions.
Monitor Coles for a swing higher in the short-term momentum indicators within the price zone displayed below.
Fisher & Paykel Healthcare Corporation is under Algo Engine buy conditions and is now within our highlighted range.
Watch the short-term momentum indicators for a turn higher.
Northern Star Resources is under Algo Engine buy conditions.
SLF:AXW is under Algo Engine buy conditions and is a current holding in our ASX ETF model portfolio.
SLF, LLC and GMG are our preferred property exposures.
Woodside Petroleum is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
CSL:ASX 1H21 NPAT of US$1.8bn. FY21 guidance retained at US$2.2bn, which implies a weaker 2H21.
We expect to see earnings upgraded prior to the completion of the 2H.
CSL trades on a forward yield of 1%.
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