January 17, 2019
Time Frame : Daily/Weekly
Sector : Software and Services/Technology
Key Stats : $452.1 Million Market Cap, VWAP 3.909, ASX Ranking 366, 4 Week Av Turnover $566,952, Current Turnover (Intraday as at time of alert) $143,752.
Company Overview : Megaport Limited (MP1) is provider of elasticity connectivity and network services interconnection across any location, to any services by SDN based, ubiquitous Ethernet fabric allowing our customers wider coverage, speed to market while reducing costs and enabling real-time provisioning across one platform.
Broker Consensus : BUY
MP1 is looking strong as buyers hold a higher low in a show of strength. We are now happy to buy on a push up through 4.02 and place a stop loss at 3.75. If price falls below 3.75 prior to entry, then we will cancel the entry alert and re-assess the action.
Stock Code : MP1 – Megaport Limited
Company Website : www.megaport.com
Current Price : 3.91
Status : On watch for buy entry trigger
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