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CIA - Blue Sky DaysChampion Iron (CIA ASX analysis) has been in a long term consolidation pattern since July 2021. You can see that it has now been in the $7.80-$8 range for the third time. The pattern appears to be an ascending triangle - either way, we are seeing higher lows and supply move in at $8. Importantly CIA has cleared an area of support/resistance between $5.50 and $6.20 and the Stochastics favour a Blue Sky break out imminently. The macro success of this will be somewhat governed by Iron Ore Futures which peaked in July 2021 (as did CIA). There's a strong area of support between $94 and $78 that may be retested on a pull back. A breakout from here would be with prices over $125. The stochastics setup on the Futures suggests the probability is with one further pullback before it breaks out mid year'ish. 2023 could be a very strong year for the Champ!
ASX:CIALong
by dibster
ASX - ANN - AnsellI had a mid term trade on this back in Feb 2021. I took profit at the double top which has worked out well. I have always had it on my watch list and now the opportunity has arisen for me to jump in with a larger stake for a much longer trade length. This will be potentially a long term investment. Founded in 1929, Ansell is the Aussie Proctor and Gamble. from 2007 they have increased their dividend from $0.20 15 years ago to $0.79 now. CADR of 10%. with a ROIC of 10% over the last 10 years Management have a proven track record of investing capital wisely. Current dividend payout ratio is still at 40% so they potentially still have room to grow. Current dividend yield is about 3.5% adding on the 10% yearly ROIC whilst reinvesting dividends ill be looking at a 13.5% yearly compound.
ASX:ANNLong
by jonnytren
ASX - RIOa cyclical mining giant, finding it hard to find a long term (5-10 year) negative on RIO. even if there is deflationary pressures this is so cheap on so many metrics. - Paid down alot of debt. - Current div yield of 10.4% - ROIC long term mean of 13% (+ div of 5ish?) = 18% ROIC - Current ROIC with inflationary pressures = 26% + 10% div?! - Trading at a current PE Ratio of 5.88x! being a cyclical it is hard to get a feel of the PE but its very much on the low side. - Input costs and labour pressures are here and trading at 1.8x price to sales.
ASX:RIOLong
by jonnytren
2
ASX - A2MFundamentals have deteriorated considerably with global cVD policies. A2 wont go bankrupt with huge piles of cash, but have they got a moat? Purely of a technical perspective, no body is talking about A2.. its off the media, it's not on the headlines, these are the types of plays Peter Lynch likes, unloved, unwanted, but with solid balance sheets, average holding time for a turnaround like this is 5 years, so patience is the key, but wise to keep an eye on competition to see if they are taking market share in the meanwhile. It may be an asx market darling again at some point and it is all swings and roundabouts, It really has held up bvery well IMO considering the somewhat orderly sell down in equities over the last several months. We will see if this Bullish wedge can hold.
ASX:A2M
by jonnytren
Shares - ASX200 - Westpac WBC Descending Triangle SHORTASX 200 - Westpac descending triangle breakout. High probably pattern. Target is set at 21.60. STO is low so entry price between 22.60 and 22.90. Expect levels around the 20.60 level as a take profit. Volume: pretty low showing lack of support. RSI: The new low has been confirmed by a new RSI low of 34. STO: STO is low so it may be possible to enter a little higher just below 23. Current Price: 22.63 Target 1: 21.60 Stop Loss: 23.90
ASX:WBCShort
by thecryptochart