Hot stock tips – Oz Minerals and Origin energy

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Oz Minerals’ (OZL) share price has headed higher over the past year and Share Wealth Systems’ Gary Stone says it has further to run.

“OZL’s share price has risen to the top of a key resistance zone of $6.60 to $7.00,” he says. “Technically it is set up to rise higher towards its next resistance zone between $8.70 and $9.20.”

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Source: Yahoo!7 Finance

Stone doesn’t like Carsales.com (CAR), with the company’s share price dropping around 17% over the last month.

His analysis shows, “the next support zone is between $9.30 and $9.60 so it could fall another 8% or so before reaching support of some sort. Its share price movement should then be reassessed”.

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Source: Yahoo!7 Finance

Ahead of OPEC’s meeting later this month, Raymond Chan from Morgans picked Origin Energy (ORG). He says there’s an “oversold opportunity as the market is getting very bearish on oil ahead of OPEC meeting”.

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Source: Yahoo!7

On his dislikes list this week is Regis Healthcare (REG) due to regulatory risks.

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Source: Yahoo!7 Finance

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.

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