Company Overview: Aussie Broadband Limited (ASX: ABB) works in telecommunication services, which provides internet and other telecommunication services. Qube Holdings Limited (ASX: QUB) provides comprehensive logistics solutions across multiple aspects of the import-export supply chain.
Exit Case: Aussie Broadband Limited (ASX: ABB)
ABB has been a part of the 'Momentum Model Portfolio' since August 22, 2023, and the suggested resistance level of AUD 3.60 achieved on August 28, 2023. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock. Aussie Broadband Limited (ASX: ABB) was last covered in a report dated ‘August 25, 2023’.
ABB’s Daily Chart
New Entry Case: Qube Holdings Limited (ASX: QUB)
Technical Analysis: On the weekly chart, QUB’s prices recently broke a falling channel pattern by the upside with the support of volumes and are sustaining above the breakout level, indicating the possibility of a further upside movement hereon. Moreover, the prices are moving above the trend-following indicators 21-period and 50-period SMAs, supporting a positive bias. The leading indicator RSI (14-period) is moving north from the midpoint with a current reading of 55.48.
QUB is recommended as a new entry in the 'Momentum Model Portfolio' as on August 28, 2023. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing market price of AUD 3.02 as on August 28, 2023. Qube Holdings Limited (ASX: QUB) was last covered in a report dated ‘July 24, 2023’.
QUB’s Weekly Chart
Support and Resistance Summary (As on August 28, 2023)
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency as of August 28, 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.
Disclaimer
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