1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Michael Gable from Fairmont Equities discussed the ASX 200, noting recent market dips and the importance of the 50-day moving average. While there are selective trade opportunities, he advises caution until the market moves back above this key level.
Gable highlighted Beach Energy (ASX:BPT), which has shown resilience with a recent breakout, suggesting a potential buy with a stop loss at $1.30. He mentions Codan (ASX:CDN), which stalled but could offer a buying opportunity if it breaks above $16.50.
He also discussed Telix Pharmaceuticals (ASX:TLX), which has been trending well, and Yancoal (ASX:YAL), which shows signs of weakening resistance. A close above $6.60 for Yancoal could signal a buy with a target of $7.60.
