CWY was recently added to our ASX Top 100 model portfolio following the shift to Algo Engine buy conditions at $2.05.
The recent pullback from the $2.60 high provides another opportunity for investors to add CWY to their portfolios.
We see price support at $2.30 and suggest watching the short-term indicators for a turn higher, near, or just above this support.
Call our office on 1300 614 002 if you would like more detail on our current portfolio holdings.
Transurban is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.
We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.
NCM is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support developing near the $26.00 level.
Altium is under Algo Engine buy conditions.
ALU’s comments point to a continuing challenging trading environment, due to COVID-19, particularly in the US. The company reiterated FY21 guidance for 6 – 12% revenue growth and EBITDA US$76-89m.
Watch the short-term indicators for a turn higher within the $31 – $34 price range.
NOTE: High risk trade due to extended PE valuations.
Alumina is now under algo engine sell conditions and has reached our price target of $2.00.
Aluminium prices have increased 35% from lows of less than US$1,500/t in mid-2020 to ~US$2,000 currently.
AWC – take profit.
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Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
Valuation support within the $61 – $65 range.
Consider adding a covered call option to enhance the return. For more detail on the strategy, please call our office on 1300 614 002.
APA is under Algo Engine buy conditions and we see support building at the recent $10 higher low formation.
APA goes ex-div 23c on 30 December.
The A2 Milk Company is under Algo Engine buy conditions and we highlight the price support that may be in the early stages of building near the $13 level.
Watch for the short-term momentum indicators to turn higher.
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