Buyers are poised and ready for a run to new highs

Potential Buy Entry Alert to Watch NWL

Time Frame : Daily/Weekly

Sector : Diversified Financials/Financial Services

Key Stats : $2.09 Billion Market Cap, VWAP 8.98, ASX Ranking 157, 4 Week Av Turnover $5,698,639, Current Turnover (Intraday as at time of alert) $951,864, PE 61, Div Yield N/A.

Company Overview : Netwealth Group Limited (NWL) is a technology Company that offers superannuation and non-superannuation Platform products that provide innovative portfolio administration, investment management tools, investment and managed account solutions, primarily to Financial Intermediaries and clients.

Broker Consensus : HOLD

NWL – Netwealth Group Limited

NWL is poised and ready to spike higher and drag in further buyers for a test and potential break up through the psychological 10.00 level. The company continues to see positive inflows of FUM (Funds Under Management) which supports our expectations for price to break up and out of the current contraction. Watching now for a higher low to build the entry setup.

Stock Code : NWL – Netwealth Group Limited

Company Website : www.netwealth.com.au

Current Price : 8.985

Status : On watch for potential higher low and push up through 9.75 then 10.00