Resmed – Algo Buy
ResMed is under Algo Engine buy conditions and we see buying support building.
Accumulate RMD within the $22 – $23 price range.

ResMed is under Algo Engine buy conditions and we see buying support building.
Accumulate RMD within the $22 – $23 price range.

The following table highlights the stocks that are favoured as safe harbours within the current market sell-off.
Out of the below list, Qantas is the exception.
It’s interesting to note the outperformance of QAN relative to the ASX200 index, which is down 5% at the time of writing this post.

Healthcare is an obvious sector for investors to allocate capital. SHL, RMD and CSL are good examples.
Coles Group has rallied over 15% from the recent Algo Engine buy signal. Investors should consider taking profit and reallocating into other oversold opportunities.

{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.

{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 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 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 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 is under Algo Engine buy conditions and we see support building near the $15.50 price level.
Buy CAR at $15.50

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.
