NAB – Sell
National Australia Bank is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $27.50
Northern Star – Buy
Northern Star Resources is under Algo Engine buy conditions. The expected rally from sub $10 is now underway.
7/7 Buy NST: We highlight Northern Star as our preferred gold play.
10/6 Buy NST
11/6/Buy NST
Cure ETF – Buy
CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.
ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.
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Northern Star – Buy
Northern Star Resources is under Algo Engine buy conditions. The expected rally from sub $10 is now underway.
7/7 Buy NST: We highlight Northern Star as our preferred gold play.
10/6 Buy NST
Breville – Algo Buy
Breville Group is now under Algo Engine buy conditions and we see price support building at $25.00
7/6 BRG update: We remain long BRG and continue to hold the position whilst the price action remains above the 10-day average.
TPG – Buy
Buy TPG Telecom above the $5.06 higher low formation.
Traders should consider applying a stop loss below the recent pivot low of $4.81 or on a break of $5.06.
TPG offers solid free cash flow with an improving dividend story into FY22 and FY23.
Northern Star – Buy
Northern Star Resources is under Algo Engine buy conditions. The expected rally from sub $10 is now underway.
7/7 Buy NST: We highlight Northern Star as our preferred gold play.
Downer EDI – Buy
DOW:ASX is now under Algo Engine buy conditions. The company has guided towards double-digit earnings growth into FY22 & FY23.
Downer EDI has found support and buying interest has increased above $5.00.
Origin – Breakout
Origin Energy has broken out of a prolonged downtrend as the negative earnings cycle appears to be nearing the bottom.
The market has low expectations for FY22 earnings with EBITDA down almost 40% on FY21 and DPS falling from $0.14 to $0.10 placing the stock on an expected yield of 2.2%.
We see upside for Origin and suggest a stop loss below the recent $3.87 low.
Woodside – Rallies 10%
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
Buy WPL above the $21.50 support level.
4/6 Update: WPL has now rallied 10% from the pivot low and we see further upside potential supported by strong energy prices.
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