Morning Bell 10 December

Jessica Amir
December 10, 2020

The ASX200 is eyeing a fall of 0.4% at the open after rising for 7-straight days.

Pfizer and BioNTech’s vaccine continues to gain traction as Canada becomes the second country to approve the vaccine and will begin its rollout next week.

The iron ore price is up 60% the year after gaining 0.9% overnight.

Trading ideas:

  • Tech-air traffic control company Adacel Technologies (ASX:ADA) was upgraded by Bell Potter, reiterating ADA as a buy with an increased $1.15 price target.
  • Bell Potter upgraded JB Hi-Fi (ASX:JBH) from a sell to a hold with an increased $43.65 price target.
  • Cann Group (ASX:CAN), RTG Mining (ASX:RTG) and (ASX:KGN) are all showing short-term bullish charting signals according to Trading Central.