We recommend investors add the IAA, (Asia top 50 ETF), and IZZ, (China Large-Cap ETF) to their watch lists.
There is a high probability that we’re now looking at oversold levels on both of these ETF’s and value is beginning to emerge.
Also look at the BetaShares Asia Technology Tigers, which provides exposure to technology focused companies.
CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.
ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.
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ASX:IZZ is under Algo Engine buy conditions. We expect buying interest to increase within the $55 – $60 price range.
Traders may wait for the third factor to align, an upturn in the momentum indicators. Watch for the stochastic to move higher or the price action on the main chart to cross above the 10-day average.
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
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For our Members, please find below the list of our latest Model Portfolio changes.
Xero is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
CIM:ASX is likely to see improved earnings in FY22 and we expect to soon 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.
24/4 CIMIC breaks above the 10-day average after forming a new trend low mid-week at $16.86.
10/5 Dec 21 $20 call options are now trading at $1.10.
14/5 CIMIC is now trading $19.84 and the Dec $20 calls have jumped from $1.10 to $1.50.
IPL:ASX is now under Algo Engine buy conditions and has been added to the ASX 100 model portfolio.
Traders should begin tracking IPL for a turn higher in the short-term momentum indicators and look for buying interest to increase near the $2.30 to $2.40 support level.
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