Exit IQE PLC (LON: IQE) 

Overview: IQE PLC (LON: IQE), is listed FTSE AIM 100 Index, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. IQE has been a part of the 'Momentum Model Portfolio' since June 21, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the Current Market Price of GBX 36.75 as of July 08, 2024.

IQE’s Daily Chart

New Entry Case: Ninety One PLC

Overview: Ninety One PLC (LON: N91) is a United Kingdom-based company, which operates as an investment manager. The Company offers a range of active strategies to its client base across equities, fixed income, multi-asset and alternatives. The Company has five regional client groups, namely United Kingdom, Africa, Europe, Americas and Asia Pacific.

Technical Analysis: N91's daily chart shows prices trading above a key horizontal trendline support zone, suggesting potential for further upside momentum. The Relative Strength Index (RSI) with a 14-period setting is around 59.49, indicating bullish momentum. Additionally, the prices are currently above the 50-period Simple Moving Average (SMA), reinforcing the positive outlook. These factors collectively suggest a favorable technical setup, implying potential strength in N91's price movement in the near term.

N91 is recommended as a new entry in the 'Momentum Model Portfolio' as on July 08, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the current market price of GBX 173.80 as on July 08, 2024.

N91’s Daily Chart

Support and Resistance Summary (As on July 08, 2024)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of July 08, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.