1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Key points:
ASX 200 viewed as range‑bound with limited upside in the medium term Car Group (ASX:CAR) and Inghams (ASX:ING) seen as base‑building with bullish RSI divergences Xero (ASX:XRO) and Aristocrat Leisure (ASX:ALL) viewed as attractive on pullbacks with significant upside targets
Violeta Todorova from Leverage Shares outlines a cautious technical view on the S&P/ASX 200, noting the index has moved sideways for a year with tight consolidation and limited returns. Todorova sees no clear signs on RSI or price action that point to an imminent breakout, and expects the benchmark to remain range‑bound in the medium term. In this environment, Todorova prefers nimble trading and targeted stock selection over broad index exposure.
Car Group (ASX:CAR) stands out on Todorova’s watchlist after falling almost 49% from its record high. Todorova highlights a bullish divergence on the RSI and a developing base, with $28.16 as key resistance that, in her view, is likely to be broken in coming months. Todorova sees any pullback towards $24 as a buying opportunity, with a medium‑term target near $32 and potential for higher levels over the long term.
Todorova also points to helium play Inghams (ASX:ING), Xero (ASX:XRO) and Aristocrat Leisure (ASX:ALL) as showing constructive technical patterns, including sizeable bullish divergences, base formations and cleared resistance levels. Todorova favours accumulating these names on weakness, targeting progressively higher price objectives as downtrends reverse and new uptrends emerge.
