Dow Jones – Sell Signals Begin to Increase
Dow Jones Index is now under Algo Engine sell conditions and we’re seeing an increasing volume of sell signals across both ASX and US large capitalized stocks.
Healthsope – Takeover Offer
Healthscope has agreed to a $4.4bn takeover bid from Brookfield.
The formal offer on Friday would deliver Healthscopeinvestors $2.465 a share, plus the 3.5c interim dividend.
This has been one of our high conviction buy ideas expressed on the blog and in the “opportunities in review” webinars.
ASX Signals for February 1, 2019
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CBA – Algo Sell Signal
The post below is from the 12th of Jan. CBA has since sold-off and is now trading $5 lower at $68.
Our Algo Engine has highlighted a number of lower high sell signals in CBA over the past 2 years. The most recent signal occurred in November last year when CBA was trading at $73.
Following the last signal, CBA made a low at $67 and has now rallied back to trading at the $73 resistance level again.
We remain cautious as we now start to see the short-term indicators turn lower.
Above chart is from 12th Jan.
Above chart is from 1 Feb.
Qantas – Algo Sell Signal
The post below is from the 6th of December. Qantas has since sold off and is now trading $5.35
Qantas is under an Algo Engine sell signal, following the lower high formation at $6.16
Chart from 6th of Dec
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