Buyers drawing a line in the sand to support price

Potential Buy Entry Alert TPM

 

Time Frame : Daily/Weekly

Sector : Telecommunication Services

Key Stats : $5.16 Billion Market Cap, VWAP 05.577, ASX Ranking 82, 4 Week Av Turnover $10,929,047, PE Ratio 13.2, Div Yield 0.71%.

Company Overview : TPG Telecom Limited (TPM) is an Australian-based multi-media full service telecommunications company providing consumer, wholesale and corporate telecommunications services. The business offers voice, internet and data solutions to a range of customers from consumer to SME, corporate and government sectors. TPM also provides the services through PIPE Networks (PIPE) and TrustedCloud Pty Ltd (TrustedCloud).

 

TPM – TPG Telecom Limited

TPG is showing early signs of holding a long term buy support zone. We can see buyers starting to step in above 5.00 so will be watching for further evidence of buyers building for a new leg higher. Watching now for  push up through 6.00 and then a higher low for a buy entry setup.

 

Stock Code : TPM – TPG Telecom Limited

Company Website : www.tpg.com.au

Current Price : 5.64

Status : On watch for a buy entry setup