Buyers in a prime position to build for a move to all time highs

Potential Buy Entry Alert DOW

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Engineering and Construction

Key Stats : $4.09 Billion Market Cap, VWAP 6.92, ASX Ranking 94, Market PE 44.9, Div Yield 3.63%

Company Overview : Downer EDI Limited (DOW) provides services to customers in Transport Services; Technology and Communications Services; Utilities Services; Rail; Engineering, Construction and Maintenance; and Mining. DOW’s three business divisions are Downer Infrastructure, Downer Mining and Downer Rail.

 

DOW – Downer EDI Limited

DOW has seen some good selling pressure off resistance at 7.40 which is well and truly being soaked up by the buyers. We are now watching for buyers to gear up for a move through 6.40 to target 8.50 highs. Watching now for higher lows to build the buy entry setup.

 

Stock Code : DOW – Downer EDI Limited

Company Website : www.downergroup.com

Current Price : 6.93

Status : On watch for higher low and buy entry setup