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Potential Buy Entry Alert to Watch 5GN
Time Frame : Daily/Weekly
Sector : Telecommunication Services
Key Stats : $57.05 Million Market Cap, VWAP 0.845, ASX Ranking 1054, 4 Week Av Turnover $384,060, Current Turnover Intraday $193,754 (2:35pm AEDT).
Company Overview : 5G Networks Limited (5GN) is a telecommunications carrier operating across Australia. The Company is engaged in the supply of cloud-based solutions, managed services and network services. 5G Networks provides the end-to-end control, responsiveness and upload and download speeds necessary to fully capture the value of cloud-based computing systems.
Broker Consensus : Not covered by a major broker
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5GN – 5G Networks Limited
5GN has held up nicely around 0.70 where buyers seemed to draw a line in the sand and defend a key higher level. We can see the spikes in volume off the level so expect that the activity will drag in further interest to support a move up through 1.05 towards the highs. Price still has some work to do to build a higher low for evidence (especially in this environment) that a new leg up is getting underway.
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Stock Code : 5GN – 5G Networks Limited
Company Website : www.5Gnetworks.com.au
Current Price : 0.875
Status : On watch for potential higher low and push up through 1.05/1.10
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