OZR ETF – On the Lookout
It’s important to begin building your list of potential buying opportunities and staying on the lookout for upcoming Algo Engine buy conditions. An example that we’ll look at in tonight’s webinar is the OZR Resources ETF.
Big Tech – Earnings Spotlight
Tech giants will be pushed into the spotlight with Apple, Amazon, Microsoft, Alphabet, Meta Platforms, and Intel reporting this week.
Tuesday: Alphebet & Microsoft
Wednesday: Meta Platforms
Thursday: Amazon & Intel
NASDAQ – Chart Review
NASDAQ
XJO – Chart Review
The XJO is now trading at the upper band of the consolidation channel that’s been in place since mid-last year.
23/4/2022 Update:
Westpac – Sell
Westpac Banking is under Algo Engine sell conditions.
Bitcoin – Sell Signal
The rebound in the NASDAQ has been sharp and it’s possible we’re now looking at a level of overhead resistance. For crypto investors, this provides an opportunity to consider hedging or an outright short position.
The strategy requires a stop loss which means any short exposure is closed out if the market rally continues.
7/4/22 update: BTC-USD has rolled over and the technical setup remains negative.
23/4/22 update: The NASDAQ continues to move lower reflecting a risk-off sentiment, which is also impacting Bitcoin. BTC is under Algo Engine sell conditions and we remain short Bitcoin futures as an open trade.
Microstrategy – Algo Sell
Microstrategy Inc is under Algo Engine sell conditions. We remain short MSTR on the proviso the price action is below the overhead resistance.
Star Entertainment – Chart Review
The Star Entertainment Group is under Algo Engine buy conditions.
The Star says it expects to see strong revenue growth under normalising business conditions.
15/4 update: The share price is trading within our forecast trading range and we’re now monitoring the short-term price action and momentum indicators for signals of increased buying activity.
Aristocrat – Algo Buy
Aristocrat Leisure is under Algo Engine buy conditions.
Ramsay Healthcare – Takeover
Ramsay Health Care announced to the ASX that it had received a conditional, non-binding, indicative bid from a consortium of investors led by KKR. The bid price is $88.
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