Like
Michael has been a buyer of FlexiGroup (FXL) since the start of the year. “I was first alerted to FXL by looking at its chart and being impressed with how it was trading,” he said.
“From a technical point of view, it appears to have bottomed and looks like it wants to trade much higher.
“When we researched the Company itself, we could see a great recovery story as they consolidated their legacy “Buy Now Pay Later” platforms into their new offering called “humm”.
“FXL continues to sign up new retailers and can give Afterpay and Zip a much better run for their money,” he adds.
Dislike
Michael says he’d been bullish on BHP the last couple of years and his analysis of the BHP chart was indicating that it could trade up to $40. “However, the performance of BHP in the last few weeks now has now turned me negative on its prospects,” he says.
“Poor price action has me concerned that it has peaked here for the time being.
“The growth outlook at the moment is not supportive of resources, which will add further weight to its share price.
“Having said that, I can see a possible bottoming out in a few months or so which will surprise most analysts and make BHP an attractive proposition again,” he adds.
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