Fisher & Paykel
Fisher & Paykel Healthcare Corporation has now rallied 12% following the entry-level at $29. The share price continues to move higher and remains above the 10 day average.
S32 – 1QFY21
South32 delivered a strong start to FY21.
S32 reported 1QFY21 net cash of US$368m and lifted the suspension on its on-market share buy-back. The outlook remains soft for S32 earnings, as the key commodities face headwinds.
The buy-back will provide downside support, with US$121m remaining under the current program, which is set to expire late next year.
TPG – Buy
Buy TPG Telecom above the $7.00 support level.
JP Morgan
JPMorgan said it was confident enough in its financial position to resume share buybacks.
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FMG – Trending Higher
Fortescue Metals Group has been in our model portfolio following the buy signal at $8.30 on 26 July 2019. More recently, we’ve seen another entry opportunity flagged by the Algo Engine at the $15.50 higher low formation.
FMG has rallied from the higher low and the short-term indicators continue to trend higher.
Computershare – Algo Review
Computershare is under Algo Engine buy conditions following the signal on 21 Sept 2020 with an entry price of $11.95.
We now see CPU trading at $13.00 and draw your attention to the higher low, and the positive short-term indicator trends.
Buying momentum is building above the $12.80 support level. Apply a stop loss on a break below $12.50.
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and we see price support
Newcrest – Finding Support
Newcrest Mining remains under Algo Engine buy conditions and we see buying interest helping to build support above the $30 level.
We suggest investors accumulate NCM between $30 – $32.
Cleanaway
Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support at the recent $2.15 higher low formation.
Newcrest – Buy
Newcrest Mining remains under Algo Engine buy conditions and we recommend investors accumulate between $30 – $32.
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