TPG – Buy

Buy TPG Telecom above the $5.06 higher low formation.

Traders should consider applying a stop loss below the recent pivot low of $4.81 or on a break of $5.06.

TPG offers solid free cash flow with an improving dividend story into FY22 and FY23.

Origin – Breakout

Origin Energy has broken out of a prolonged downtrend as the negative earnings cycle appears to be nearing the bottom.

The market has low expectations for FY22 earnings with EBITDA down almost 40% on FY21 and DPS falling from $0.14 to $0.10 placing the stock on an expected yield of 2.2%.

We see upside for Origin and suggest a stop loss below the recent $3.87 low.

Woodside – Rallies 10%

WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.

Buy WPL above the $21.50 support level.

4/6 Update: WPL has now rallied 10% from the pivot low and we see further upside potential supported by strong energy prices.