ASX – Buy
ASX is under Algo Engine buy conditions and is now likely to find buying support.
Goodman Group – Algo Buy
Goodman is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
FY20 NPAT was up 12.5% to A$1,060.2mn, and the company is guiding to 9% EPS growth in FY21.
Relative to its A-REIT peers, GMG is trading on an elevated earnings multiple, however, this is not the case when compared to its global peers.
Cleanaway – Buy
{ASX:CWY) is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support at $2.20 and suggest watching the short-term indicators for a turn higher, near, or just above this support.
TCL – Algo Buy
Transurban is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
CSL – Accumulate
CSL is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Buy between the $240 – $270 price range.
NASDAQ – Leading Indicator
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CSL – Accumulate
CSL is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Buy between the $240 – $265 price range.
Bitcoin – Are there parallels?
We watch the market demand with Bitcoin as one of a multitude of indicators that could translate into a peak in market PE expansion.
We’ll cover more on this in next Monday’s “Members Only” webinar.
CBA – Algo Sell Signal
Commonwealth Bank of is under Algo Engine sell conditions. We remain concerned about the declining profitability in retail banking.
Sell or short CBA on a break lower in the short-term momentum indicators.
A2 Milk – Is it a breakout?
The A2 Milk Company has now broken through the 10-day average and may be in the early statges of a recovery bounce.
Remain cautious and consider a stop loss should the price action reverse back below the average.
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