–
Potential Buy Entry Alert to Watch ELO
Time Frame : Weekly
Sector : Software and Services/Technology
Key Stats : $520.02 Million Market Cap, VWAP 6.97, ASX Ranking 371, 4 Week Av Turnover $292,007, Current Turnover (Intraday as at time of alert) $393,308.
Company Overview : ELMO Software Limited (ELO) is a cloud-based HR & Payroll software provider. ELMO offers customers a unified platform to streamline processes for employee administration, recruitment, onboarding, learning, performance, remuneration, compliance training and payroll. ELMO operates on a Software as a Service (“SaaS”) business mode.
Broker Consensus : HOLD
–
ELO – Elmo Software Limited
ELO has put in the hard work to hold a higher level at 6.00 so we expect this support to bring in further buyers from the sidelines to get involved into the action. Watching now for a minor pullback to the 6.60 zone to be met with volume as evidence that buyers are ready for a run up through 8.00 into new highs.
–
Stock Code : ELO – Elmo Software Limited
Company Website : www.elmosoftware.com.au
Current Price : 6.94
Status : On watch for potential higher low and push up through 8.00
–
