TRADESETUP

June 14, 2019

Buyers on the move into new highs so time to lock away some gains

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Current Active Alert Management CQE

Time Frame : Daily

Sector : Real Estate

CQE – Charter Hall Edu TR

CQE managed to hold strong as price spiked lower to clean out some buyers before the move up. We see the potential for a continued move up so are now looking for the opportunity to lock away some gains at 3.96 ahead of the whole number at 4.00. Price is extended so we expect some minor profit taking prior to a new leg up.

Stock Code : CQE – Charter Hall Edu TR

Company Website : www.charterhall.com.au

Current Price : 3.84

Previous Buy Entry (Trigger Level) : 3.68

New Sell Exit Zone (Stop Loss) : 3.60

Potential 50% Partial Exit Zone (Partial Target) : 3.96

Status : On watch for continuation higher

Alert History

Previous Alert 5/06/19

CQE rallied to trigger the buy entry level at 3.68 so the alert is now active. The Stop Loss is held at 3.50.

Original Alert 29/05/19

New Buy Entry Alert CQE

Time Frame : Daily

Sector : Real Estate

Key Stats :  $1.09 Billion Market Cap, VWAP 3.631, ASX Ranking 226, 4 Week Av Turnover $1,334,767, Current Turnover (Intraday as at time of alert) $650,177, PE 10.3, Div Yield 4.37%.

Company Overview : Charter Hall Education Trust (CQE, formerly Folkestone Education Trust) is a listed real estate investment trust (A-REIT) that primarily invests in early learning properties within Australia and New Zealand. Charter Hall Education Trust is managed by Charter Hall Group.

Broker Consensus : Not covered by a major broker

CQE – Charter Hall Edu TR

CQE has rejected lows on a show of strength from buyers and looks set to push into new highs. We are happy to buy on a push up through 3.68 and will hold the stop loss at 3.50. If price pushes below the 3.50 prior to entry, then cancel the alert and we will re-assess the action.

Stock Code : CQE – Charter Hall Edu TR

Company Website : www.charterhall.com.au

Current Price : 3.62

New Buy Entry (Trigger Level) : 3.68

Potential Sell Exit Zone (Stop Loss) : 3.50

Status : On watch for Buy Entry Trigger

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