The graph of the S&P500 shows a continuation of the bullish move and a recent Algo Engine buy signal at the January low. Short-term we have faltering momentum with overhead resistance at 4590 in the S&P500 index.
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Traders will be monitoring next week’s price action based on the above pattern.
Betashares Global Cybersecurity is under Algo Engine buy conditions and is a current holding in our All ASX ETF model portfolio.
We see support building at $7.00 and expect 5 to 10% upside in the next 6 weeks.
7/4/22 HACK Update: Since writing the above post, HACK has rallied to a new higher low formation at $9.76. Buy HACK at market and run a stop-loss below $9.76.
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
Sonic Healthcare is under Algo Engine buy conditions. The underlying earnings remain strong and we expect buying support to build within the $34 – $38 price range.
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
Betashares Global Cybersecurity is under Algo Engine buy conditions and is a current holding in our All ASX ETF model portfolio.
We see support building at $7.00 and expect 5 to 10% upside in the next 6 weeks.
7/4/22 HACK Update: Since writing the above post, HACK has rallied to a new higher low formation at $9.76. Buy HACK at market and run a stop-loss below $9.76.
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The updated 5-year performance data for all Algo Engine buy and sell signals for the period ending 30 December 2021 .
Model Name: ASX S&P100 is 16.96% p/a.
Collins Foods is under Algo Engine buy conditions. Buying support is likely to increase within the highlighted price range.
7/2/2022 Update: The price action has found buying support at $10.70 and is now trading $12.00
8/2/2022 Update: Investors will hold Collins Foods as long as the stock remains under Algo Engine buy conditions.
Traders will refer to the 10-day average as their trailing “take profit” marker.
Gold Road Resources remains our preferred gold exposure.
8/2/22 Update: Algo investors are likely already set in GOR. Traders will now be recognizing the first test, first fail, (FTFF), and will be setting their entry and stop loss.
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