Exit Case: Aeris Resources Limited (ASX: AIS) 

Overview: Aeris Resources Limited (ASX: AIS) is a mid-tier mining company, mainly focusing on the production and sale of copper, gold and silver and the exploration of copper and gold. AIS has been a part of the 'Momentum Model Portolio' since January 20, 2023; however, the stock hit its support level at AUD 0.590 on February 28, 2023, at closing price. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock.

AIS’ Daily Chart

New Entry Case: Kelsian Group Limited (ASX: KLS)

Overview: Kelsian Group Limited caters the Singapore, London, and the Channel Islands markets. The company is Australia’s largest integrated multi-model transport provider and tourism operator.

Technical Analysis: On the weekly chart, KLS' prices started to move upside after taking the support of an upward sloping trend line breakout level, indicating the possibility of an upside movement hereon. Moreover, the momentum oscillator RSI (14-period) is moving in a positive zone and is showing a reading of ~61.55. The prices are above the trend following indicators 21-period and 50-period SMAs, further supporting a positive bias.

KLS is recommended as a new entry in the 'Momentum Model Portfolio' as on February 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 6.560 as on February 28, 2023. 

KLS’ Weekly Chart

Support and Resistance Summary (As on February 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 February 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.

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