A number of stocks within the ASX top 50 appear to be setting up medium term short signals.
We’re mindful of the upward bias in equity indexes, however, much of this is driven by broad inflows into index funds and valuations are becoming stretched, even if Q1 earnings in the US hit their target.
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Here is a list of the names that are worth taking a closer look at….
AMP, LLC, SGP, CPU, JHX, & AGL.
