Insights

Rio Tinto (ASX:RIO) is a mining company who produce materials that are essential to life and progress. Iron ore, aluminium, copper and more. With operations and offices across 35 countries, Rio Tinto aim to create sustainable and superior value for shareholders. In 2018, Rio Tinto also became the only major mining company to stop producing fossil fuels, including coal, in an effort to be part of the solution to climate change.

(ASX:RIO)

• Strong rebound from newly formed support zone
• Three white soldiers pattern recently formed, looking to form another after tomorrows trading, indicating a buy signal
• MACD now trending above MACD (EMA) also indicating a further buy signal

Chart Legend

Red/Yellow – MACD

Blue – MACD (EMA)

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Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

BlueScope Steel (ASX:BLS) is a world leading provider of steel materials, products, systems and technologies. With headquarters in Australia, BlueScope has operations spread across the globe, with offices in 18 countries. With an increasing focus on climate friendly products and a sustainable future, the outlook for BlueScope Steel is looking good.

(ASX:BSL)

• Strong rebound from support zone at $20
• Strong rebound from double top pattern, now looking to break through resistance level
• Consistently increasing closing price over the past week
• MACD looking to cross above MACD (EMA) indicating a buy signal

Chart Legend

Red/Yellow – MACD

Blue – MACD (EMA)

Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

Afterpay (ASX:APT) is a leading buy now pay later business in Australia. It allows customers to collect goods and make payments in 4 instalments over 6 weeks. Afterpay has been enjoying heavy growth over the past month. Active customers are up 80% compared to H1 FY20. With US and UK customers steadily growing, Afterpay is now progressing with their early stage investment into Asia.

(ASX:APT)

• MACD line trending well above MACD (EMA) indicating a buy signal
• Repeated three white soldier patterns indicating buy signals
• Continued uptrend over the past month
• Beware of forming double top pattern, look to push past $120 price to avoid this

Chart Legend

Red/Yellow – MACD

Blue – MACD (EMA)

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Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

IGO Ltd (ASX:IGO) is a leading exploration and mining company. Their key focus is to discover, develop and operate quality assets focused on metals critical to enabling clean energy. Around the globe, IGO’s teams are finding and producing specialist metals that make the storage of energy more effective and efficient. All this is helping to achieve IGO’s goal of making long-term improvements to the lifestyle of hundreds of millions of people around the world.

(ASX:IGO)

• New support zone forming around $7.20, well above old support zone of $6.10
• Price appears to be rebounding from a double top pattern, bouncing off new support zone.
• Three white soldier pattern beginning to form indicating a buy signal
• MACD line is approaching MACD (EMA), crossing above will indicate further buy signal

 

Chart Legend

Red/Yellow – MACD

Blue – MACD (EMA)

Click here to learn more about trading Australia stocks

Click here to open a POEMS trading account

Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

Challenger Limited (ASX:CGF) are an investment management firm whose key vision is to assist their customers with the financial security necessary for them to have a comfortable retirement. Challenger achieves this through investing to create wealth in clients accumulation phase of superannuation, and then converting this wealth into reliable income streams. Challenger currently manages roughly $96 billion in assets.

(ASX:CGF)

• Consistent rise returning from significant decline
• MACD line trending above MACD (EMA) for a month, indicating not only buy signal but investor confidence also.
• Consecutive 3 white soldier patterns indicating further buy signals.
• Small bullish engulfing pattern also indicating a buy signal.

Chart Legend

Red – MACD

Blue – MACD (EMA)

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Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

Scentre Group (ASX:SCG) is the owner and operator of the leading living centre portfolio in Australia and New Zealand with $50 billion in real estate assets and $34 billion in shopping centre ownership. Including 42 Westfields which have a great ability to attract the worlds best retail brands.

(ASX:SCG)

• Strong support zone, unbroken to date in 2021
• MACD lime trending about MACD (EMA) indicating a buy signal
• 3 white soldiers pattern shown at the end of the candlestick chart, also indicating a buy signal.

Chart Legend

Yellow/Red – MACD

Blue – MACD (EMA)

Click here to learn more about investing in Australia stocks

Click here to open a POEMS trading account

Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

Transurban (ASX:TCL) is one of the worlds largest toll-road operators. An Australian owned company, they build and operate roads in Sydney, Brisbane, Melbourne, Washington and Montreal.

Outlook is good for Transurban, as more and more people begin returning to work, and lockdowns across Australia, America and Canada ease, we will see an increased use of their toll-roads generating more income.

With 6 more major projects underway and scheduled to be complete over the next few years, the long-term outlook for Transurban is also promising.

(ASX:TCL)

• Strong rebound from support zone, tested multiple times
• “Three white soldiers” pattern to finish candlestick chart indicating a buy signal
• MACD line trending above MACD (EMA) line also indicating buy signal

 

Chart Legend

Yellow – MACD

Blue – MACD (EMA)

Click here to learn more about investing in Australia stocks

Click here to open a POEMS trading account

Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

BetaShares Crude Oil Index (ASX:OOO) is an ETF which reflects crude oil price movements, by  providing exposure to futures contracts on this commodity.

The COVID-19 pandemic saw a huge disruption in the oil market last year, particularly in April, when the price on futures contracts went negative  for the first time in history. Investors have since seen as much as a 123% rise on the ETF since the April lows.

 

Crude Oil Price per barrel

https://markets.businessinsider.com/commodities/oil-price?type=wti

Further upside in oil prices briefly breaching $70 USD a barrel over night for the first time since October 2018, with a positive outlook for the future as travel restrictions begin to ease, and people return to work, boosting the demand for oil.

 

(OOO.ASX)

• Strong support line tested multiple times. Suggesting a good recovery from current test.
• MACD trending above MACD (EMA) indicating buy signal.

 

Chart Legend

Red/Blue – MACD line

Green – MACD (EMA)

Click here to learn more about trading Australian stocks

Click here to open a trading a POEMS trading account

Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.

BHP is world leading resource company, who both extract and process minerals, gas and oil. Operating primarily in Australia and the Americas, their products are then sold worldwide.

Chief Executive Mike Henry has a vision of building BHP’s strength in ”future facing commodities”- minerals which the world will rely on to progress into a cleaner, greener an more technologically advanced place.  A member of the ASX 20, investors have enjoyed a steady rise over the years.

BHP is accessible for investors on the Australian Stock Exchange, London Stock Exchange and the New York Stock Exchange.

ASX:BHP – Buy and hold for long term, further expected benefit from good dividend history.

• Support zone tested multiple times with strong rebound. Now trading well above support zone with potential for new support zone to establish around $46.
• Continued general upward trend.
• MACD line has begun turning back toward EMA to soon cross above, indicating a buy signal.

Chart Legend

Red/Blue – MACD line

Green – MACD (EMA)

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Disclaimer

This publication has been prepared solely for the information of the particular person to whom it was supplied by Phillip Capital Limited (“PhillipCapital”) AFSL 246827. This publication contains general securities advice. In preparing the advice, PhillipCapital has not taken into account the investment objectives, financial situation and particular needs of any particular person. Before making an investment decision on the basis of this advice, you need to consider, with or without the assistance of a securities adviser, whether the advice in this publication is appropriate in light of your particular investment needs, objectives and financial situation. PhillipCapital and its associates within the meaning of the Corporations Act may hold securities in the companies referred to in this publication. PhillipCapital believes that the advice and information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any structure cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by PhillipCapital or any of its directors, employees or agents. This publication must not be distributed to retail investors outside of Australia.