Ansell – Trade Rallies 10%

The Ansell trade from Monday night’s webinar is starting to build momentum. We entered the trade as a counter-trend position as the price action crossed above the 10-day average.

29/11/21 update: ANN remains above the 10-day average.

10/1 update: ANN has rallied 10% from the Nov lows. The price action remains positive, (as a counter-trend trade), and traders should stick with the position as long as the price holds above the 10-day average.

Rio – Rallies 10%

Rio Tinto is under Algo Engine buy conditions.

13/12 Update:

10/1 update: RIO remains our preferred iron ore exposure, we continue to hold the position whilst it remains under Algo Engine buy conditions. Traders may choose to focus on the momentum of the current rally and consider closing the short-term trade should we see a break below the 10-day average.

iShares Asia 50 ETF – Buy

iShares Asia 50 is under Algo Engine buy conditions and is a current holding in our iShares ETF model.

INVESTMENT OBJECTIVE: The fund aims to provide investors with the performance of the S&P Asia 50TM Index, before fees and expenses. The index is designed to measure the performance of the 50 leading companies listed in China, Hong Kong, Macau, Singapore, South Korea and Taiwan.