APA – Buy
APA is under Algo Engine buy conditions and we see support building at the recent $10 higher low formation.
APA goes ex-div 23c on 30 December.
Bega – Algo Buy Signal
Bega Cheese is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Bega Cheese is up 9% after announcing buying Lion Dairy & Drinks for $534 million. BGA is now trading at $5.42 compared to the $4.60 issue as part of its $284 million capital raising.
ASX – Algo Buy
The chart below shows the range where we will be watching for the short-term momentum indicators to turn higher.
The price action now sits at 50% retracement of the March to November range. We expect to see buying interest begin to rebuild.
Ansell – Buy
Ansell is under Algo Engine buy conditions and we see support building within the $33 – $36 level.
China New Economy ETF
CNEW gives investors a portfolio of the most fundamentally sound companies in China having the best growth prospects in sectors making up ‘the New Economy’, namely technology, health care, consumer staples and consumer discretionary.
{AXW:CNEW) is now under Algo Engine buy conditions and we add this to our long-term model portfolio.
Pro Medicus – Buy
Pro Medicus is now under algo engine buy signals after rallying 40% from the original buy signal back in July.
The current retracement from $35 to $29 means investors should be watching the short-term momentum indicators for a turn higher and apply a stop loss on a break below support or a turn lower in the momentum indicators.
For more detail on the strategy, please call our office on 1300 614 002.
ASX – Algo Buy
The chart below shows the range where we will be watching for the short-term momentum indicators to turn higher.
The price action now sits at 50% retracement of the March to November range. We expect to see buying interest begin to rebuild.
China New Economy ETF
CNEW gives investors a portfolio of the most fundamentally sound companies in China having the best growth prospects in sectors making up ‘the New Economy’, namely technology, health care, consumer staples and consumer discretionary.
{AXW:CNEW) is now under Algo Engine buy conditions and we add this to our long-term model portfolio.
Ausnet – Algo Buy
AusNet Services is under Algo Engine buy conditions.
Pro Medicus – Buy
Pro Medicus is now under algo engine buy signals after rallying 40% from the original buy signal back in July.
The current retracement from $35 to $29 means investors should be watching the short-term momentum indicators for a turn higher and apply a stop loss on a break below support or a turn lower in the momentum indicators.
For more detail on the strategy, please call our office on 1300 614 002.
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Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
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