JB Hi-Fi’s Uptrend Continues

This story features JB HI-FI LIMITED. For more info SHARE ANALYSIS: JBH

By Michael Gable 

The S&P/ASX200 Index is essentially back to where it started a week ago due to concerns over tariffs.

At the end of the day, the concerns around NVIDIA proved to be a storm in a teacup, and our local CPI numbers last week ended up better than expected.

We suspect that US tariffs will also end up being a storm in a teacup and it beggars belief that market participants haven’t realised by now that what President Trump says initially does not equate to the end result.

As a result, we don’t think the current talk of tariffs will derail the market uptrend and, for now, we believe that any dips just provide opportunities to find new trading set-ups.

Today, we offer a technical view on JB Hi-Fi ((JBH)).

Our most recent update was on 12 November when we noted that the upside break was a buying opportunity.

After rallying towards the high $90’s in December, JBH then underwent another sideways consolidation.

The past several days has seen it break higher again and sit on top of the breakout zone.

We therefore have another buying opportunity with JBH and the stock should trend higher from here. Initial stops can be considered near $92.

Content included in this article is not by association the view of FNArena (see our disclaimer).
 
Michael Gable is managing Director of  Fairmont Equities (www.fairmontequities.com)

Fairmont Equities is a share advisory firm assisting Private Clients with the professional management of their share portfolio. We are based in the Sydney CBD but provide services to private clients across Australia. We believe that the concepts of fundamental analysis and technical analysis of stocks are not mutually exclusive. Regardless of whether you are a trader or long term investor, combining both methods is crucial to success. As a result, the unique analysis of Fairmont Equities is featured regularly in the media such as Sky News Business, CNBC, The Australian Financial Review, and the ASX newsletter. Contact us for a free trial of our research and information on our portfolio management services. 

Michael is RG146 Accredited and holds the following formal qualifications:

Bachelor of Engineering, Hons. (University of Sydney) 
Bachelor of Commerce (University of Sydney) 
Diploma of Mortgage Lending (Finsia) 
Diploma of Financial Services [Financial Planning] (Finsia) 
Completion of ASX Accredited Derivatives Adviser Levels 1 & 2

Disclaimer

Fairmont Equities Australia (ACN 615 592 802) is a holder of an Australian Financial Services License (No. 494022). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.
 

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