APA – Finding Support
APA is likely to find increased buying support at $10 and trade higher.
Ansell – Support Range
Accumulate Ansell within the support range indicated on the below chart.
We suggest running a covered call strategy to enhance the income return. For more detail, please call our office on 1300 614 002.
Brambles – Buy
Buy Brambles at $10.50
Watch last night’s webinar
If you missed it, then you can watch last night’s webinar here.
ASX – Opportunity Approaches
ASX is now under Algo Engine buy conditions and we highlight the expected buying support range of $77 – $82.
Wesfarmers – Buying Support
WES delivered stronger than expected 2H20 sales growth with Bunnings up almost 20% on the same time last year and Officeworks up 28%.
Total online sales growth across the retail businesses was very strong, up 89%. Full-year FY20 underlying EBIT A$2.9bn.
WES has been too expensive and our patience is now paying off. The stock has corrected 10% but could have further to go, given the overall selling we’re now experiencing in global markets.
WES trades on a forward yield of 3.65%. The chart below shows the wide range where we expect buying support to build.
CSL – Buy
Buy CSL
NASDAQ – Leading Indicator
Stay short the NASDAQ or other related hedges, as long as the index continues to trade below the 10-day average.
Our hedge basket includes; BBUS, BBOZ, SNAS, YANK and GDX.
For more detail on our portfolio strategies, please call 1300 614 002.
Coles Buy + Call Option
Coles Group is under Algo Engine buy conditions. November $18 call option adds $0.35 of income.
For more detail on the covered call strategy, please call 1300 614 002.
Global Health ETF
iShares Global Healthcare is under Algo Engine buy conditions and we see sub $100 as a low-risk entry level for longer-term value.
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