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Brambles – Opportunity Approaches
Brambles FY20 earnings were in-line with market expectations and the relatively defensive income mix is appealing.
Buy BXB on weakness, $10.50 is support.
Bega – Buy
Bega Cheese reports earnings on 27 August. We like the idea of buying the dip ahead of the result.
Technology One +9%
Technology One rallied 9% following the recent Algo Engine buy signal. The short-term indicators supported the reversal from the $8.00 higher low formation.
Stay long TNE with stops below $8.00.
TPG – Buy
TPG Telecom rallied from its $7.07 low and the short-term indicators have now turned positive.
Cure ETF – Buy
ETFS S&P Biotech is under Algo Engine buy conditions. Buying support has been building since the price traded at $58.
CURE ETF offers investors exposure to US biotechnology companies.
Pro Medicus – Review
Pro Medicus delivered another record result, with strong growth supported by new contract wins.
We continue to see this as an attractive growth opportunity.
A2M – Algo Buy
{A2M} is now under Algo Engine buy conditions and we see buying support at $18.50.
TPG – Opportunity Approaches
TPG Telecom has traded down to $7.07 and we see an opportunity approaching where the stock price is likely to reach oversold levels.
Keep an eye on the short-term momentum indicators, especially if we see a probe below $7.00.
YANK
Betashares Strong U.S. Dollar Fund (Hedge
The US dollar has been trading lower over recent weeks and should we see a pick up in market volatility and risk-off sentiment builds, the US dollar may find increased buying support.
YANK looks to be finding support at $11.25
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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