ALGO Sell Signal For TPM

Posted on | by Todd | Leave a Comment on ALGO Sell Signal For TPM

Our ALGO engine triggered a sell signal in TPM at $6.36 on the ASX close on Friday.

After posting a low of $4.85 on September 28th, shares of TPM have rallied impressively on a series of fiber-optic contracts won from the South Australian state government.

However, the technical chart pattern is still defined by a “lower high” formation which suggests lower prices over the medium-term.

We see the next key support level at $5.90 and suggest exiting long positions at or around $6.40.

TPG Telecom

New High Close For Treasury Wine Estates

Posted on | by Todd | Leave a Comment on New High Close For Treasury Wine Estates

Shares of TWE posted a new all-time high of $16.22 on the ASX close last Friday.

Our ALGO engine triggered a buy signal on TWE back in July at $12.55.

The stock is trading at 40X earnings with the 12 month EPS currently expected at just over 23%.

The internal momentum indicators look good and we would look to take profits on a move into the $16.90 to $17.00 area.

Treasury Wine Estates

Lendlease – Finding Support Near $15.50

Posted on | by Leon Hinde | Leave a Comment on Lendlease – Finding Support Near $15.50

Our Algo Engine generated a buy signal in Lendlease back in October.  Since then the stock has moved down to find buying support at $15.50.

LLC is in the ASX 50 model and we expect buying support will soon see  the share price recapture $17 in the weeks ahead.

Place a stop-loss order on a  break back below $15.50.

Lendlease

 

5G Is Giving TLS A Boost

Posted on | by Todd | Leave a Comment on 5G Is Giving TLS A Boost

Since posting a low of $3.34 on November 28th, shares of Telstra have gained over 10% reaching a high of $3.72 in early trade.

Much of this recent optimism in the company stems from TLS wrapping up the second phase of their transmission network upgrade and deploying their high capacity optical technology, which is known as “5G”

This increased capacity and faster download speed is shaping up as a winner as TLS is outperforming its rivals on the new iPhone X and iPhone 8 orders.

Because TLS has greater network capacity, they are able to charge a premium on these new mobile phone systems.

Technically, the next price hurdle will be at $3.83, which is the bottom end of a gap lower on August 29th.

  Telstra

 

Aussie Dollar Drops On Weaker Trade Balance Report

Posted on | by Todd | Leave a Comment on Aussie Dollar Drops On Weaker Trade Balance Report

The Aussie Dollar dropped close to 1% overnight as yesterday’s domestic trade balance numbers showed a steep contraction for the month.

The AUD/USD hit a six-month low at .7500 as the trade surplus fell to $105 million from $1.6 billion the month before. The street had expected a surplus of $1.4 billion……10 times higher than the actual print.

The sharp drop was driven by a 3% fall in exports and a 2% increase in imports. Details of the report showed much lower levels of exports of Iron ore and coking coal.

There are several names on the ASX that earning revenue overseas and will benefit from the falling Aussie Dollar.

These include QAN, RHC, TWE and NCM.

QANTAS

Ramsay Health Care

Newcrest Mining

Treasury Wine Estates