The U.S. market remains in a Confirmed Uptrend. The S&P 500 tacked on small gains and remains near highs, above its 10- and 21-
DMA. The Nasdaq pulled back slightly but is testing support at its 21-DMA (14,695). The distribution day count stands at four on each
index.
Author: admin
Won Europe Today
Yesterday,
- European markets had a positive session with most major indices making new highs or testing previous rally high
resistance levels. Volumes were lower across the board. We remain constructive on the markets and are open to
adding risk coming out of proper bases. - The Stoxx 600 continues to rise along its rising 10-DMA after it broke out of a stage-two consolidation. It remains in
a Confirmed Uptrend with five distribution days. Most sectors closed in positive territory with Travel & Leisure
stocks gaining about 2%. Autos were flat while Chemical stocks gained about half a percent. - Among other major indices, France’s CAC continues to find resistance along 6,800 price levels. Germany’s DAX 30
continues to face supply at 15,750–15,800 price levels. The index has been repeatedly testing this resistance level
since June. The U.K.’s FTSE 100 is also repeatedly facing resistance at 7,150-7,200 price levels. - Among the 17 indices that we track, only Denmark closed in negative territory. The average distribution day count
stands at 4.9. - Actionable names in the Focus List include Nibe Industrier (NIBE.SE; NIBEB:SS), Kering (KER.FR; KER:FP),
Schneider Electric (QT@F.FR; SU:FP), Airbus (AIRS.FR; AIR:FP), Halma (HLMA.GB; HLMA:LN), Moncler
(MONC.IT; MONC:IM), and Trigano (TRI.FR; TRI:FP).
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq continue to trade at or near new highs and above nearterm support along the 21-DMA. The distribution day count stands at five and four, respectively, with one day expiring on the S&P 500
today and three days expiring on the Nasdaq next week.
RAIA DROGASIL
Raia Drogasil S.A. is the largest drugstore company in Brazil, with 14.1% market
share. It operates 2,374 stores (as of Q2 2021) in 23 states and is engaged in the
sales of medications, specialty medicines, perfumery, personal care and beauty
products, cosmetics, and dermo-cosmetics. The company was formed with the
merger of two leading brands, Droga Raia and Drogasil, in 2011
Won Europe Today
Yesterday,
- European markets were flat and volumes were lower than average across the board. Most of the indices look
stretched from their key support levels and may see a short pullback. We remain bullish on the markets and are
open to adding risk coming out of proper bases. - The Stoxx 600 continued to trade constructively above its rising 21-DMA after breaking out of a stage-two
consolidation. The index is trading about 2.3% higher than its 21-DMA and looks a bit stretched. Among sectors,
Healthcare stocks gained more than 1% while Auto stocks lost about half a percent. - Among other major indices, France’s CAC continued to consolidate after breaking out of its seven-week base.
Germany’s DAX continued to consolidate around 15,800 price levels. The U.K.’s FTSE 100 found support at its
rising 10-DMA. - Among the 17 indices that we track in Europe, Finland, France, Germany, Ireland, Spain, and Luxembourg closed in
negative territory. Finland recorded its sixth distribution day. - New Focus list addition Kering is actionable after breaking out of a stage-two consolidation. Other actionable
names in the Focus List include Nibe Industrier (NIBE.SE; NIBEB:SS), Schneider Electric (QT@F.FR; SU:FP),
Airbus (AIRS.FR; AIR:FP), Halma (HLMA.GB; HLMA:LN), Adyen (ADYE.NL; ADYEN:NA), and Trigano (TRI.FR;
TRI:FP).
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq remain constructive near all-time highs and above support
at the 10- and 21-DMA (S&P 500: 4,385; Nasdaq: 14,689). The distribution day count stands at five and four, respectively, with one day
expiring on the S&P 500 after the close tomorrow.
PET CENTER COMERCIO
Pet Center Comercio (PCC) is Brazil’s largest pet retailer. The company operates
143 stores and an ecommerce website. PCC seeks to provide a ‘one-stop shop’
experience; its stores have veterinary clinics, pet grooming stations, and
adoption centers built within them. They are 1K square meters on average and
retail 8K–12K SKUs.
Won Europe Today
On Friday,
- European markets had a positive session with most of the major indices trading constructively above their key
moving averages. Overall, price-volume action of markets indicates strong bullish momentum. We recommend
that investors add risk coming out of proper bases. - The Stoxx 600 after breaking out of a stage-two consolidation continues to trade constructively above its rising 21-
DMA. It looks extended from its key moving averages and might have a short term pullback. Among sectors, Banks
and Auto stocks led the gains, up 2% and 1%, respectively, while Healthcare stocks lost about 1%. - Among other major indices, France’s CAC had a strong breakout from its seven-week cup base and is trading
above its key moving averages. Germany’s DAX continues to face resistance at 15,800 price levels. The U.K.’s
FTSE 100 is showing signs of further consolidation around 7,000–7,200 price levels. - Among the 17 indices that we track in Europe, Denmark, the Netherlands, Norway, Sweden, and Switzerland
closed in negative territory with Denmark recording its fourth distribution day. On the other hand, Austria, Ireland,
and Italy were upgraded to a Confirmed Uptrend after they reclaimed their rally highs. - Actionable names in the Focus List include Nibe Industrier (NIBE.SE; NIBEB:SS), Schneider Electric (QT@F.FR;
SU:FP), Airbus (AIRS.FR; AIR:FP), Zooplus (ZO1X.DE; ZO1:GR), Halma (HLMA.GB; HLMA:LN), Adyen (ADYE.NL;
ADYEN:NA), and Trigano (TRI.FR; TRI:FP).
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed the week at or near new highs and above all major
moving averages, including near-term support along the 10- and 21-DMA (S&P 500: 4,381; Nasdaq: 14,674). The distribution day count
stands at six and four, respectively, with two days expiring on the S&P 500 this week.
ZHONGSHENG GROUP
O’Neil Methodology
• The stock reacted positively to the results (+3%). Its 200-DMA acts as
immediate support (HKD 57.45, ~18.5% away).
• Good fundamental ratings, owing to its healthy growth and return
profile in the past. SMR Rating of A, Composite Rating of 98, and EPS
Rank of 95.
• Technical ratings are average. RS Rating of 76, A/D Rating of C, and
Up/Down Volume Ratio of 1.0.
• Institutional sponsorship has increased 26% y/y in June 2021
