Westpac – Sell
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
NAB – Sell
National Australia Bank is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $27.50
Cleanaway – Buy
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
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Cleanaway – Buy
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We recommend accumulating CWY on any weakness into the $2.50 – $2.65 price range.
Northern Star – Buy
Northern Star Resources is under Algo Engine buy conditions. The expected rally from sub $10 is now underway.
7/7 Buy NST: We highlight Northern Star as our preferred gold play.
16/6/Buy NST
Woodside – Buy
WPL:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
The recent pullback and higher low at $23 provide another opportunity to buy the stock.
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Biogen – Rallies 60%
Biogen Inc. – Common is a current holding in our US high conviction portfolio.
The stock price rallied following the FDA decision, which was announced earlier this week, to approve Biogen’s drug Aducanumab, a treatment for Alzheimer’s disease.
CURE ETF – Rallies 10%
ETFS S&P Biotech has been an overweight portfolio allocation and either taking profit now or sticking with the position, whilst the price action remains above the 10-day average, will provide a positive outcome.
The added buying interest in the US biotech sector following the recent announcement from Biogen is helping propel the CURE ETF.
TPG – Rallies 10%+
Buy TPG Telecom above the $5.06 higher low formation.
Traders should consider applying a stop loss below the recent pivot low of $4.81 or on a break of $5.06.
TPG offers solid free cash flow with an improving dividend story into FY22 and FY23.
12/6 Update: We continue to hold TPG and suggest traders stick with the trade as long as the price action remains above the 10 day average. The stock is now up over 10% since our entry condition was met earlier this month.
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