Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
Betashares Global Cybersecurity is under Algo Engine buy conditions and is a current holding in our All ASX ETF model portfolio.
We see support building at $7.00 and expect 5 to 10% upside in the next 6 weeks.
7/4/22 HACK Update: Since writing the above post, HACK has rallied to a new higher low formation at $9.76. Buy HACK at market and run a stop-loss below $9.76.
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The updated 5-year performance data for all Algo Engine buy and sell signals for the period ending 30 December 2021 .
Model Name: ASX S&P100 is 16.96% p/a.
Collins Foods is under Algo Engine buy conditions. Buying support is likely to increase within the highlighted price range.
7/2/2022 Update: The price action has found buying support at $10.70 and is now trading $12.00
8/2/2022 Update: Investors will hold Collins Foods as long as the stock remains under Algo Engine buy conditions.
Traders will refer to the 10-day average as their trailing “take profit” marker.
Gold Road Resources remains our preferred gold exposure.
8/2/22 Update: Algo investors are likely already set in GOR. Traders will now be recognizing the first test, first fail, (FTFF), and will be setting their entry and stop loss.
Syrah Resources is under Algo Engine buy conditions.
The company has announced a fully underwritten institutional placement and 1 for 5.9 pro rata accelerated non-renounceable entitlement offer to raise a total of approximately $250 million.
The Star Entertainment Group is under Algo Engine buy conditions.
The Star says it expects to report normalised EBITDA of $28 million to $30 million in the first half and the group is likely to see strong revenue growth under normalising business conditions.
Collins Foods is under Algo Engine buy conditions. Buying support is likely to increase within the highlighted price range.
7/2/2022 Update: The price action has found buying support at $10.70 and is now trading $12.00
Treasury Wine Estates is under Algo Engine buy conditions.
TWE continues to adjust to a post pandemic/post Chinese tariff environment. FY21 EBIT of $510 exceeded market expectations. After a number of years of disappointment for TWE in this region, we see America’s division accelerating growth into FY22.
FY22 EBIT growth is forecast to be in the mid to high single-digit range.
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