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.

Mirvac 1H22 Earnings

Mirvac reported 1H22 operating EPS of $0.075. FY22 guidance was reaffirmed at $0.15, aided by higher commercial development profits.

We continue to view the apartment and commercial pipeline as a key driver of growth following a softer-than anticipated 1H22 update.

MGR is now trading on a forward yield of 4%.