Resmed – Support Level

Posted on | by Leon Hinde

ResMed is under Algo Engine buy conditions and is now up 84% since being added to our model in October 2018.

RMD delivered a solid earnings result and upgrades to earnings are partially offset by the stronger AUD.

RMD is looking to resume share buybacks in 2H21.

We see buying support at $26 and suggest investors look to accumulate the stock.

NCM – Buy

Posted on | by Leon Hinde

Newcrest Mining is under Algo Engine buy conditions and we see buying interest increasing as the “risk off” trade builds momentum.

Newcrest delivered a decent quarter in terms of production at all sites but costs were significantly higher than expected.

Buy NCM $25.50 on valuation grounds.


GDX Gold ETF – Buy

Posted on | by Leon Hinde

Vaneck Vectors Gold Miners is under Algo Engine buy conditions.

GDX provides broad exposure to the leading global gold producers. After the recent sell-off from $65 down to $44, we’re now seeing buying interest rebuild.

As a final confirmation, wait for the price action to trade above the 10-day average and the short-term momentum indicators to turn higher.

GDX Gold ETF – Buy

Posted on | by Leon Hinde

Vaneck Vectors Gold Miners is under Algo Engine buy conditions.

GDX provides broad exposure to the leading global gold producers. After the recent sell-off from $65 down to $44, we’re now seeing buying interest rebuild.

As a final confirmation, wait for the price action to trade above the 10-day average and the short-term momentum indicators to turn higher.