Carsales – Up 10%+

Posted on | by Leon Hinde

Carsales.Com is under Algo Engine buy conditions and is a current holding in our model portfolio.

Accumulate.

8/4/21

Carsales.com is now up 10%+ from the entry point and momentum based investors may choose to stick with the trade as long as it remains above the 10 day average.

A2 Milk – Buy Triggered

Posted on | by Leon Hinde

A2M:ASX is a high-risk recovery play into the second half of 2021. The driver will be a stabilization in the earnings picture and/or the potential for a takeover offer.

Investors may consider delaying the entry until we see a break above the 10 day average.

8/4/21

The buy condition is now triggered with today’s price action above the 10-day average.

Cleanaway: 15%+Gain

Posted on | by Leon Hinde

Our $2.20 entry-level in Cleanaway has seen a 15% gain following the announcement that it has entered into an agreement to acquire Suez’s recycling & recovery business in Australia for A$2.52bn.

Suez may terminate the proposed transaction should Suez enter into an alternative takeover agreement by May 6.

Resolute Mining

Posted on | by Leon Hinde

RSG:ASX is under Algo Engine buy conditions and is a high-risk recovery opportunity.

RSG enters our radar, supported by a positive back drop for gold prices and the recent announcement that the Mali mine is now projected to produce between 250,000 ounces to 300,000 ounces of gold.

Qube Holdings – Algo Buy

Posted on | by Leon Hinde

Qube Holdings is under Algo Engine buy conditions, with price support at $2.90. Consider a stop-loss on a break below the support.

In 2021, container port freight volumes are up on average 10 to 20% per month compared to last year.

Since writing the above post, QUB has found steady buying interest above the $2.90 support and the momentum indicators continue to trend higher.

A number of institutions have upgraded their price targets into the $3.40 to $3.60 range.