zAngus

Conservative Stock Ideas 21st March

Long
ASX:VVR   None
Just some stock ideas for more conservative type portfolios. Always do your own research. I haven't looked at announcements, news, market depth etc which I would do before I spent any of my money on these. Like everyone else - I am simply guessing :)

Score 1 best, 2 good, 3 watch

BEST

AMI - 1 (might be over extended - be careful)
CHC - 1 (might be over extended - be careful)

GOOD

STO - 2 - Watch resistance area
DXS - 2 - Needs to break above resistance
GPT - 2 - Might have a bit more downside before turn around. Needs to break resistance.
NCM - 2 - Choppy but might be good short to medium term
RIO - 2 - Like to see it break above 98
MGR - 2 - Like to see it close above 2.75
VVR - 2 - Bit choppy. Worth a look

WATCH

GMG - 3 - Good chart but rolling over. Need to watch for resumption of upward movement.
SAR - 3 - Might be recovering.
CWY - 3 - Watch
NST - 3 - Personally I think it might be at the bottom of a swing if it moves back up might be a great time to buy but the TA sites dont like it currently. Have a look on a 5 year chart.
BHP - 3 - Resistance area. Would like to see it above $38.50

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

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