Overhead supply is a term technical analysts use when a stock has been reached a resistance level. This is where buyers have bought at previous highs but the stock has dropped and are waiting to sell at that level to break even. When does overhead supply occur? A stock may have rallied to all time highs but then starts to fall from this level. Buyers who have bought the stock at the high are now at a loss and waiting …
We recently researched Orora (ASX:ORA) in The Dynamic Investor after the Company reported its financial results for the six months to 31 December 2022 (1H23). The results were ahead of consensus expectations, as the continued improvement in the performance of North American business saw EBIT margin improve. The market reaction following the interim results release was very positive, as the challenges in the North American business have weighed heavily on sentiment in recent years. With the shares having retreated from …
“Your Stock Request” is a weekly video where we analyse share price charts for stocks on the Australian market (ASX) as requested by you! Email us at mail@fairmontequities.com with your stock request. Limit of one per person, no guarantee of a mention. This week’s stock request: (ASX:AVL), (ASX:SWM), (ASX:MVP), (ASX:JBH), (ASX:GOR) Michael Gable is managing director of Fairmont Equities. Latest prices available on the ASX website. You can learn more about technical analysis in this article. An 8-week FREE …
Prices for Credit Suisse default swaps rose to record new highs just before the bank was bought out. This was a clear indication that the market was very concerned that Credit Suisse were going to default on their debt obligations. In this article we discuss what are credit default swaps and how they are used by institutional firms in the market. Definition Credit default swaps are like an insurance product for buyers of fixed income products. It is a contract …
We recently researched CSL Limited (ASX:CSL) in The Dynamic Investor after the Company reported its financial results for the six months to 31 December 2022 (1H23). With the shares having retreated from recent highs, we assess whether current levels present an opportunity. Overview of CSL CSL has two operating segments: CSL Behring and Seqirus. The CSL Behring segment (which accounts for ~63% of group revenue) provides plasma-derived and recombinant products, and operates plasma collection networks through CSL Plasma. CSL Behring …