Buyers holding their ground at higher levels and look set to make a move

New Buy Entry Alert APT

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $3.06 Billion Market Cap, VWAP 13.267, ASX Ranking 114, 4 Week Av Turnover $17,584,378, Current Turnover (Intraday as at time of alert) $1,093,094.

Company Overview : Afterpay Touch Group Limited (APT) is an Australian incorporated company. Afterpay focusses on applying its technology to provide a retail centric, omni channel retail service that facilitates commerce between retail merchants and their end-customers. Afterpay delivers this by providing a platform that allows retail merchants to offer their end-customers the ability to buy products on a ‘buy now, receive now, pay late’ basis without the end-customer having to Apply for or enter into a traditional loan, Pay any additional amount (by way of interest or upfront fees to Afterpay) for the merchant’s products if instalment payments are made on time or Provide extensive personal information that could cause delay or failure to complete a purchase.

Broker Consensus : BUY


APT – Afterpay Touch Group Limited

APT is showing some good interest from buyers as support holds and price builds a higher low. We are now happy to buy on a push up through 14.00 and place a stop loss at 12.80. If price falls below 12.80 prior to entry, then we will cancel the entry alert and re-assess the action.

Stock Code : APT – Afterpay Touch Group Limited

Company Website : www.afterpaytouch.com

Current Price : 13.48

New Buy Entry (Trigger Level) : 14.00

Potential Sell Exit Zone (Stop Loss) : 12.80

Status : On watch for buy entry trigger