Altium – Buy Signal
Altium is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
The momentum indicators have now turned positive and initial support looks to be in place at $34.75.
A2M – Buy Range
The A2 Milk Company is under Algo Engine buy conditions and we highlight the price support that may be in the early stages of building near the $13.50 level.
Watch for the short-term momentum indicators to turn higher.
Domino’s Pizza – Algo Signal
Domino’s Pizza Enterprises is now under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
We see price support between $65 & $71.
Domino’s Pizza Enterprises has now rallied 10% from our entry-level. While DMP’s PE multiple remains elevated at 34x forward earnings, EPS growth is forecast to be 8 -10% and the FY21 yield is 1.9%.
We suggest traders use the short-term momentum indicators as a strategy to manage the timing of taking the short-term. We don’t consider Domino’s Pizza Enterprises a core portfolio holding and feel it makes greater sense to trade rather than hold.
Ramsay Healthcare – Buy
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
Valuation support within the $61 – $65 range.
ASX – Finding Support?
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.
Watch Last Night’s Webinar
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
Gold – What you Must Know
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
Domino’s Pizza – Algo Signal
Domino’s Pizza Enterprises is now under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
We see price support between $65 & $71.
Coles – Buy
Coles Group looks to be creating another higher low formation at $18.30.
As the valuation becomes slightly stretched, we suggest investors add a covered call option to enhance the income return.
Ansell – Buy
Ansell is under Algo Engine buy conditions and we see support building within the $35 – $38 level.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453