IPL:ASX is now under Algo Engine buy conditions and has been added to the ASX 100 model portfolio.
We expect to see a pick up in second half earnings for IPL, which will help support the share price.
Traders will note the high low formation at $2.35 and may wish to run a stop loss below this level.
With lower bond yields in the US we’re seeing a risk-on phase in tech shares. Appen is one way to gain exposure to the trade.
Traders may consider buying Appen and applying a stop loss below the $12.15 low.
Westpac Banking is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $26.90
National Australia Bank is under Algo Engine sell conditions and we expect selling pressure to build with overhead resistance at $27.50
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.
10/6 Buy NST
11/6/Buy NST
CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.
ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.
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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.
10/6 Buy NST
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Breville Group is now under Algo Engine buy conditions and we see price support building at $25.00
7/6 BRG update: We remain long BRG and continue to hold the position whilst the price action remains above the 10-day average.
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