Newcrest – Buy
Newcrest Mining remains under Algo Engine buy conditions and we recommend investors accumulate between $30 – $32.
Citigroup – Sell
Citigroup is under Algo Engine sell conditions following the lower high formation back in August at $56.
Q3 earnings released overnight highlighted some concerning trends, such as net income down 34% and earnings per share down 32% on the same time last year.
Fortescue Metals – Buy
Fortescue Metals Group is under Algo Engine buy conditions. Buying support is likely to build at $15.50.
Orica – Buy Signal
Orica is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
ASX – Algo Buy
ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Watch Last Night’s Webinar
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
Orica
Orica is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
ORI expects FY20 EBIT to be around $600mn which represents a 10% fall on the same time last year.
The full-year results will be announced on 20 Nov.
Brambles – Buy
Buy Brambles within the $10.50 – $10.75 price range.
Newcrest – Buy
Newcrest Mining remains under Algo Engine buy conditions and we recommend investors accumulate between $30 – $32.
APA – Finding Support
APA is likely to find increased buying support at $10 and trade higher.
Since making the above post on 23 Sept, APA has rallied 8% and the short-term indicators have turned positive.
We continue to see APA as a low-risk opportunity even if the market sentiment was to shift more negative.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453