Qube Holdings – Algo Buy

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.

25/5 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.

Macquarie Group – Buy Signal

Macquarie Group is now under Algo Engine buy conditions following the recent price retracement from $162 down to $148.

Macquarie Group recently announced a net profit after tax attributable to ordinary shareholders of $3.01bn for the year ended 31 March 2021 (FY21), up 10 percent on the year ended 31 March 2020 (FY20).

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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Zip – Acquisitions

Zip Co is under Algo Engine buy conditions.

Zip Co will take full control of the UAE’s Spotii Holdings and Europe’s Twisto Payments for $160 million. Zip already has minority stakes in both businesses.

The transactions will help expand ZIP/’s global footprint.

Cure ETF – Buy

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

17/5 CURE is now experiencing an increase in buying interest and the stochastic short-term momentum indicator has turned higher.

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.

21/5 Buy CURE

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China ETF – IZZ

ASX:IZZ is under Algo Engine buy conditions. We expect buying interest to increase within the $55 – $60 price range.

Traders may wait for the third factor to align, an upturn in the momentum indicators. Watch for the stochastic to move higher or the price action on the main chart to cross above the 10-day average.

21/5 Buy IZZ