Downer EDI – Buy
DOW:ASX is now under Algo Engine buy conditions.
Carsales – Algo Buy
Carsales.Com is under Algo Engine buy conditions and is a current holding in our model portfolio.
Accumulate.
ASX Signals for April 1, 2021
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These are our Recent Model Changes
For our Members, please find below the list of our latest Model Portfolio changes.
A2 Milk – Recovery Play
A2M:ASX is a high-risk recovery play into the second half of 2021. The driver will be a stabilization in the earnings picture and/or the potential for a takeover offer.
Investors may consider delaying the entry until we see a break above the 10 day average.
Carsales – Algo Buy
Carsales.Com is under Algo Engine buy conditions and is a current holding in our model portfolio.
Accumulate between $16 – $17.50
Cleanaway – Buy
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Cleanaway has approached global giant Suez about potentially buying its Australian assets in a $2 billion-plus deal. If a transaction proceeds, the ACCC will conduct a public review to assess the impact on competition.
We see price support near $2.20
Woodside – Buy
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
CIMIC – a high risk buy
CIM:ASX is likely to see improved earnings in FY22 and we, therefore, expect to see a recovery in the share price.
CIMIC is a high risk counter trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.
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