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Potential Buy Entry Alert to Watch CL1
Time Frame : Daily/Weekly
Sector : Software and Services/Technology
Key Stats : $255.33 Million Market Cap, VWAP 2.17, ASX Ranking 541, 4 Week Av Turnover $280,380, Current Turnover Intraday $20,012 (11:00am AEDT).
Company Overview : Class Limited (CL1) is the provider of cloud-based administration software solutions tailored to the requirements of SMSF administrators in Australia. It also provides software to streamline the administration of investment portfolios held by non-SMSF entities such as companies, trusts and individuals.
Broker Consensus : BUY
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CL1 – Class Limited
CL1 primed and ready to run higher as long term and short term buyers hold higher levels. We are now watching the 2.05 zone to hold and for buyers to pile in for the action. A higher low now needs to hold for confirmation. Once we get the higher low, then the entry will follow.
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Stock Code : CL1 – Class Limited
Company Website : www.class.com.au
Current Price : 2.15
Status : On watch for potential higher low and push up through 2.40
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