Pinduoduo – Buy

PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.

Pinduoduo has surpassed Alibaba as China’s largest e-commerce company with 788 million active users according to its latest quarterly earnings report.

We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.

Snap – Earnings

SNAP:NYS is under Algo Engine buy conditions following the entry signal at $48 in late March.

The stock price jumped a further 7.5% in Friday’s session, after the company reported accelerating revenue growth and strong user numbers during the first quarter.

Q2 2021 Outlook

Revenue is estimated to be between $820 million and $840 million, compared to $454 million in Q2 2020.

Adjusted EBITDA is estimated to be between $(20) million and break-even, compared to $(96) million in Q2 2020.

Pinduoduo – Buy

PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.

We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.

CIMIC – Trade Update

CIM:ASX is likely to see improved earnings in FY22 and we expect to soon see a recovery in the share price.

CIMIC is a high risk counter trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.

24/4 CIMIC breaks above the 10-day average after forming a new trend low mid-week at $16.86.


Cure ETF – Buy

CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.

ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.

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