Exit Case: AUB Group Limited
Overview: AUB Group Limited, formerly Austbrokers Holdings Limited, is an Australia-based company, which is an equity-based risk management, advice and solutions provider in Australia and New Zealand. AUB has been a part of the 'Momentum Model Portfolio since February 06, 2023 and currently facing stiff resistance of AUD 28.00 level. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock.
AUB’s Daily Chart
New Entry Case: Aussie Broadband Limited
Overview: Aussie Broadband Limited (ASX: ABB) works in telecommunication services, which provides internet and other telecommunication services. Its segments include Residential and Business.
Technical Analysis: On the weekly chart, ABB's prices recently broke a downward sloping trend line by an upside and are sustaining above the 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 ~61.69. The prices are above the trend following indicators 21-period and 50-period SMAs, further supporting a positive bias.
ABB is recommended as a new entry in the 'Momentum Model Portfolio' as on March 03, 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 3.370 as on March 03, 2023.
ABB’s Weekly Chart
Support and Resistance Summary (As on March 03, 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 March 03, 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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