James Hardie Industries is approaching an oversold range where investors should begin monitoring the short-term momentum indicators for a pick-up in buying activity.
The price range for a reversal in price action remains wide at $33 to $39.
Treasury Wine Estates is under Algo Engine buy conditions.
TWE continues to adjust to a post pandemic/post Chinese tariff environment. FY21 EBIT of $510 exceeded market expectations. After a number of years of disappointment for TWE in this region, we see America’s division accelerating growth into FY22.
FY22 EBIT growth is forecast to be in the mid to high single-digit range.
ASX is under Algo Engine buy conditions.
ARB Corporation is under Algo Engin buy conditions.
ARB is Australia’s largest manufacturer and distributor of 4×4 accessories. They have a vast international presence, with offices in the USA, Europe and the Middle East, and an export network that extends through more than 100 countries around the globe.
Treasury Wine Estates remains under Algo Engin buy conditions.
Treasury has significant earnings growth opportunities driven by the re-opening of higher-margin channels which were disrupted due to Covid.
National Australia Bank is under Algo Engine buy conditions and remains in our ASX model portfolio. The share price is up 22.7% since being added on 22 Sep 2021.
Having completed its A$2.5 bn on-market share buy-back only yesterday, NAB has today announced that it intends to buy back up to an additional A$2.5 bn of shares on-market.
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Coinbase is a NASDAQ listed stock, Coinbase Global, Inc., branded Coinbase, is an American company that operates a cryptocurrency exchange platform.
The company is part of our Crypto Infrastructure list and model portfolio constituents. After 4 months of heavy selling, Coinbase is now finding increased buying support, and the technical indicator set up highlighted in the chart below, identifies our recent trading alerts.
The S&P500 continues to trade higher following the recent Algo Engine buy signals. Short-term, the momentum indicators remain positive and the price action is above the 10-day average.
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