Buyers are running out of steam at lower levels so watching for selling pressure

Potential Sell Entry Alert to Watch NEA

 

Time Frame : Daily

Sector : Commercial and Professional Services/Industrials

Key Stats : $701.91 Million Market Cap, VWAP 1.58, ASX Ranking 281, 4 Week Av Turnover $3,350,797, Current Turnover (Intraday as at time of alert) $701,842.

Company Overview : Nearmap Ltd (NEA, formerly Ipernica Limited) is a provider of geospatial map technology for business, enterprises and government customers. NEA has worked with small and large organisations across the building & construction, architecture and engineering, government, insurance, rail, real estate, roofing and solar business.

Broker Consensus : BUY

 

NEA – Neamap Limited

NEA is showing some early signs of weakness and building a lower high which we expect to bring in further sellers. Price is extended so we are now watching for a minor lower high to build for the entry setup and then will hopefully be on board for a push to new lows.

 

Stock Code : NEA – Nearmap Limited

Company Website : www.nearmap.com

Current Price : 1.58

Status : On watch for a Sell Entry Setup