XAO 0.56% 8,612.6 all ordinaries

Short Term Trading Week Starting: 14 Jan, page-18

  1. 1,839 Posts.
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    Looking rather good Fundamentally as well and from a technical front I like that the OBV has been trending up and the Stochastic shows an upward divergence and MACD closely behind it in a positive fashion as well

    Disc: I don't currently hold but might do

    2 charts below, 1st one is my FA and the 2nd one is my TA

    For those that have been following my FA analysis I've decided to take out the Value component as I felt it was interfering in my desicion making process, I might add it back in later but for now will work without its influence....

    See below for an explanation of the grey panel on the right-hand side of my chart


    1.PNG

    2.PNG

    Right-hand panel explanation
    Starting from the top...EY (earnings yield) and DY (dividend yield) I like to see dy at about half or even less that of ey as a higher ey tells me the company can keep paying out its dividend from its actual earnings. DS (dividend safety) needs to be 50 or higher. RV/ RS/ RT and CI ideally all need to be 1 or higher..but RS and RV being more important fundamentally more so RS needs to above 1…. RT is an entry/ exit signal, when rt above 1 that’s good and when below 1 not so. GRT (annualised % growth forecast) I like Co's at 8% and above. GPE (growth to PE) or PEG in Aust... a number greater than 1.00 means the Co is considered undervalued. EPS (earnings per share) leading 12-month earnings per share forecast... higher the better…. PE (price to earnings ratio) shows the number of dollars required to buy $1 of earnings, so a lower PE is better....hope this helps
 
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XAO (ASX) Chart
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