Bitcoin – Technical Buy Setup

Posted on | by Leon Hinde

1/6 update:

After being short Bitcoin from $45,000 down to $30,000 we now shift our focus to the recent counter-trend trade as the price action breaks above 30590 and begins to build support on top of the old resistance.

Buy BTC @ 31700

Stop loss on a break below 30590

Crypto Weekly Review

Posted on | by Leon Hinde

Crypto Weekly Review 31/5

Crypto Weekly Review 23/5

Crypto Weekly Review 10/5

Crypto Weekly Review 29/4

Crypto Weekly Review 20/4

Crypto weekly review 10/4

Crypto weekly review video 27/3

Crypto weekly review: 17/3

James Hardie FY23 Outlook

Posted on | by Leon Hinde

JHX reported FY22, with NPAT increasing by 36% to US$620m. While volumes generally slowed in recent months, FY23 NPAT guidance is maintained at US$750-800m.

Based FY23 earnings we have JHX trading on a forward yield of 3.8%.

Bluescope Steel – Algo Buy

Posted on | by Leon Hinde

ASX:BL is under Algo Engine buy conditions. BSL provided a trading update and now expects EBIT for 2H FY22 to be $1.375-1.475bn.

The more robust outlook is driven by improved earnings expectations for North America with better-than-expected realised steel prices and spreads in the United States.

Based on FY23 earnings we have Bluescope on a 2.3% forward dividend yield.