Coles – Take Profit
Coles Group has rallied over 15% from the recent Algo Engine buy signal. Investors should consider taking profit and reallocating into other oversold opportunities.
ASX 20 – Rallies Off Session Lows
{AXW.ILC} is under Algo Engine buy conditions and is a current holding in our iShares ETF model portfolio.
The ASX rallied 10% from the session lows on Friday and a number of ASX 100 stocks advanced over 15% from their lows.
We started buying the ILC ETF to gain broad exposure to a large-cap recovery.
Global 100 – Large Cap Rally
{AXW.IOO} is under Algo Engine buy conditions and is a current holding in our iShares ETF model portfolio.
We started buying this in Friday’s session to gain exposure to a recovery in the large-cap global names.
Coles – A Defensive Exposure
Coles Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
We see support for Coles at $14.00
Woolworths – Rallies From Session Lows
Woolworths Group is now under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Woolworths rallied $3.00 off today’s session lows. We see Woolworths as a safe harbor in the current market sell-off.
WOW goes ex-div $0.50 on the 13th of September.
Coca Cola – Income Opportunity
Coca-Cola Amatil is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We suggest buying CCL at $10.90 and selling an $11.96 December call option for a $0.50 credit.
CCL goes ex-div $0.21 on the 27th August.
Carsales.com – Buy
Carsales.Com is under Algo Engine buy conditions and we see support building near the $15.50 price level.
Buy CAR at $15.50
Ramsay – Approaching Support
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
We see Ramsay Healthcare as a defensive position within the current volatile market conditions.
Buying support should develop within the $52 to $56 price band.
Sonic & Coles Buy Recommendations Rally 10%
Our recent buy recommendations, Sonic Healthcare and Coles have rallied 10% over the past week.
Investors can now lock in the profit or sell at the money call options to enhance the yield.
SHL up 10%
COL up 11%
ASX – Buy
ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We recommend investors buy ASX and we reaffirm our “high conviction” rating.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453