Blue-Chip

Momentum Model Portfolio Rebalancing:  EXIT (ASX: ALL) and ENTRY (ASX: VUL)

April 29, 2024 | Team Kalkine
Momentum Model Portfolio Rebalancing:  EXIT (ASX: ALL) and ENTRY (ASX: VUL)

ALL:ASX
Investment Type
Large-cap
Risk Level
Action
Rec. Price (AU$)
VUL:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)

Exit Case: ARISTOCRAT LEISURE LIMITED (ASX: ALL) 

Overview: ARISTOCRAT LEISURE LIMITED (ASX: ALL) is an Australia-based entertainment and content creation company. The Company offers a range of products and services, including electronic gaming machines, casino management systems, free-to-play mobile games and online real money games. ALL has been a part of the 'Momentum Model Portfolio' since February 21, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of AUD 39.750 as on April 29, 2024.

ALL’s Daily Chart

New Entry Case: Vulcan Energy Resources Ltd (ASX: VUL)

Overview: Vulcan Energy Resources Limited is an Australia-based company engaged in geothermal energy and lithium exploration and production.

Technical Analysis: On the Daily chart, VUL’s prices are trading above the trendline support zone, indicating the possibility of an upside movement hereon. Moreover, the momentum oscillator RSI (14-period) is recovering from the lower levels and is showing a reading of ~62.35. The prices are above the trend following indicator 21-period SMA  and 50-period SMA, further supporting a positive bias.

VUL is recommended as a new entry in the 'Momentum Model Portfolio' as on April 29, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of AUD 3.410 as on April 29, 2024.

VUL’s Daily Chart

Support and Resistance Summary (As on April 29, 2024)

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 April 29, 2024. 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

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.



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