ASX – Buy

Posted on | by Leon Hinde

ASX is under Algo Engine buy conditions and is now likely to find buying support.

The Trade Table tab in our member area shows the stocks from within an index, (for example ASX 50), which display the three factors for our short-term trade ideas.

In the case of the ASX, it’s under Algo Engine buy or long conditions as the primary signal. Second, to this, the intermediate signal is positive, or the arrow pivot point is pointing up. The third factor is checking to see if the current price is building momentum or trading above the 10-day average.

Confirmation of the 3 factors aligning is displayed in the Trade Table screenshot below.

Goodman Group – Algo Buy

Posted on | by Leon Hinde

Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We expect 10% EPS growth into FY22 and the 2% plus dividend yield remains well supported.

The short-term momentum indicators are now turning higher and it looks like buying support is building above the recent $16.40 low.

Cleanaway – Buy

Posted on | by Leon Hinde

{ASX:CWY) is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see price support between $2.00 and $2.20. Watch the short-term indicators for a turn higher, within this support range. 

CWY goes ex-div tomorrow $0.05 100% franked.