Brambles – Buy
Brambles is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Accumulate near the $10.50 support level.
Fortescue Metals – Buy
Fortescue Metals Group has been in our model portfolio following the buy signal at $8.30 on 26 July 2019. More recently, we’ve seen another entry opportunity flagged by the Algo Engine at the $15.50 higher low formation.
FMG has rallied from the higher low and the short-term indicators continue to trend higher.
Ramsay Healthcare – Buy
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
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APA Group – Rallies 10%
APA is under Algo Engine buy conditions and since finding support at $10, the stock has now rallied 10%.
Our 12 month price target on APA is $12.00
Coles Buy-Write Options
Coles Group is under Algo Engine buy conditions and is a current holding in our model portfolio.
We highlight the strong buying support and see potential for a buy-write option strategy to enhance the income return.
Please call our office on 1300 614 002 to find out more detail.
Fisher & Paykel
Fisher & Paykel Healthcare Corporation has now rallied 12% following the entry-level at $29. The share price continues to move higher and remains above the 10 day average.
S32 – 1QFY21
South32 delivered a strong start to FY21.
S32 reported 1QFY21 net cash of US$368m and lifted the suspension on its on-market share buy-back. The outlook remains soft for S32 earnings, as the key commodities face headwinds.
The buy-back will provide downside support, with US$121m remaining under the current program, which is set to expire late next year.
TPG – Buy
Buy TPG Telecom above the $7.00 support level.
JP Morgan
JPMorgan said it was confident enough in its financial position to resume share buybacks.
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Sydney, NSW 2000
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Investor Signals Pty Ltd
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