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IOOF Holdings’ price recently reached near its multi-year support & bounced back up somewhat. Currently it pays out about 6% dividend yield, so the combination of price weakness & respectable dividend payment could make it an interesting trade. IOOF should not be seen entirely as dividend income asset but instead viewed as a tradable stock IMO given is fairly volatile nature. Short term price target would be about AU$9.00 from current levels, representing ~6% upside.



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Allianz SE has broken above its multi-year resistance which was rejected twice previously. If it it stays above €170 with strength, its next major target is about €199, its 161.8% fib extension from 2016 low.


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BHP Billiton has almost doubled since its Jan 2016 multi-year low, so does it still have strong legs left for more upside?

Looking at its fib retracement from the 2011 price top, it hit its 61.8% rectracement level & is now testing its 2016 recovery support trendline. A higher risk trade now would be long it back to its 61.8% level, but a stronger price action would be to see it clear that level & therefore clear to try & test the 50% level, around $31-32.

Unicharm Corp

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One of Asia’s largest diaper producers is making a come back after posting FY2016 losses.

Its chart is making a bullish rising triangle with ¥2611 being the key breakout level. If it stays above that, the next targets are ¥2666, ¥2818 & longer term is ¥2941, about 10% above current levels.


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I like Overwatch very much & played alot of it when it was launched, so much so that it piqued my interest in $ATVI. Unfortunately recently it has been overshadowed by Battlefield, For Honor & the perennial GTA series which is still actively played.

$ATVI’s stock pattern is showing a bearish rising wedge with a well defined long term resistance. This is a tradable setup with very bullish sentiment supporting a short as its RSI diverges negatively.


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$TLT’s incredible multi-year rising looks is almost too perfect, but this time it is facing immense rates rising pressure compared to previous years. Markets are pricing an 80%+ rate hike probability in 4-5 days time so it could be argued that $TLT’s decline has been priced in already in the short term, & therefore good for a “buy the news” long trade.

Breaking its long term support would require much more than expected rate hikes later this year IMO, so we shall have to wait & see.


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High yield junkies are forming a bearish rising wedge. $HYG can continue to climb a little higher, but I’d watch that support line carefully to confirm this bearish pattern. Typically a bull market needs $HYG to rise too, so this may be a good sign for index bears. A break above the rising resistance should nullify this bear pattern.


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After its recent huge revenue beat & subsequent ramp up, $EAS is taking a breather. Its leading research on colorectal cancer screening has created alot of interest recently.

Its 2017 support line is clearly defined, therefore trade according to its uptrend resumption or a breakdown of 2017 support.