Buyers have put in the groundwork and are ready for the run into new highs

New Buy Entry Alert UWL

Time Frame : Daily

Sector : Telecommunications Services

Key Stats : $323.85 Million Market Cap, VWAP 1.455, ASX Ranking 455, 4 Week Av Turnover $1,268,454, Current Turnover (Intraday as at time of alert) $297,450.

Company Overview : Uniti Wireless Limited (UWL) Uniti Wireless is an Internet Service Provider (ISP) and licensed telecommunications carrier that delivers fixed wireless broadband connections, as an alternative to, and independent of, the nbn and a replacement for ADSL networks. Uniti Wireless provides these connections over its own wireless access network, supported by third party fibre backhaul and Internet connectivity.

Broker Consensus : Not covered by a major broker

UWL – Uniti Wireless

UWL has spent some time putting in the groundwork for a run higher as price consolidates above 1.20. We are happy to buy on a push up through 1.525 with a Stop Loss at 1.30. If price falls below 1.30 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : UWL – Uniti Wireless

Company Website : www.unitiwireless.com

Current Price : 1.45

New Potential Buy Entry (Trigger Level) : 1.525

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.30

Status : On watch for Buy Entry Trigger