XJO – Review

Posted on | by Leon Hinde

The XJO is under Algo Engine buy conditions and we’ve shuffled the support up to 6498. A break below this may suggest that the defensive basket of BBUS, BBOZ & SNAS should be under consideration.

Sonic Healthcare – Buy

Posted on | by Leon Hinde

Sonic Healthcare is looking oversold and we believe buying support will build within the $31 – $34 price range.

SHL has a large percentage of its diagnostic equipment revenue based in US Dollars. As such, the company will benefit from the lower Aussie Dollar.

 

Global Infrastructure ETF

Posted on | by Leon Hinde

Vanguard Global Infrastructure Index is in our “high conviction” portfolio and has now rallied from the $52 support level.

We see continued upside for the fund, which offers investors diversified exposure to infrastructure sectors, including transportation, energy and telecommunications.

Since writing the above post, Vanguard Global Infrastructure Index has rallied 10%.

Further upside is likely over the next 12 months and we see scope for another 10 to 20% increase from the current level.