Qube Holdings – Buy

Qube Holdings is under Algo Engine buy conditions.

Port volumes for April & May were stronger than analysts expected which adds support to the $3.50 price target for Qube.

Total container movements across Australia’s major ports have increased +11% compared to the same time last year.

Qube Holdings – Algo Buy

Qube Holdings is under Algo Engine buy conditions, with price support at $2.90. Consider a stop-loss on a break below the support.

In 2021, container port freight volumes are up on average 10 to 20% per month compared to last year.

25/5 Since writing the above post, QUB has found steady buying interest above the $2.90 support and the momentum indicators continue to trend higher.

A number of institutions have upgraded their price targets into the $3.40 to $3.60 range.