Buyers put in a big effort today as price kicks higher

Potential Buy Entry Alert to Watch TPM

Time Frame : Daily/Weekly

Sector : Telecommunications/Communications Services

Key Stats : $6.83 Billion Market Cap, VWAP 7.74, ASX Ranking 56, 4 Week Av Turnover $9,804,735, Current Turnover (Intraday as at time of alert) $4,826,663, PE 17.2, Div Yield 0.54%.

Company Overview : TPG Telecom Limited (TPM) is an Australian-based multi-media full service telecommunications company providing consumer, wholesale and corporate telecommunications services. The business offers voice, internet and data solutions to a range of customers from consumer to SME, corporate and government sectors. TPM also provides the services through PIPE Networks (PIPE) and TrustedCloud Pty Ltd (TrustedCloud).

Broker Consensus : SELL

 

TPM – TPG Telecom Limited

TPM has kicked on nicely today as the bulls have a strong day. We are now watching for a higher low to build to drag in further buyers for a run up to new highs.

Stock Code : TPM – TPG Telecom Limited

Company Website : www.tpg.com.au

Current Price : 7.95

Status : On watch for buy entry setup

 

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Previous Alert 26/11/18

Time Frame : Daily/Weekly

Sector : Telecommunications/Communications Services

Key Stats : $7 Billion Market Cap, VWAP 7.545, ASX Ranking 59, 4 Week Av Turnover $9,171,931, Current Turnover (Intraday as at time of alert) $1,013,459, PE 17.6, Div Yield 0.53%.

Company Overview : TPG Telecom Limited (TPM) is an Australian-based multi-media full service telecommunications company providing consumer, wholesale and corporate telecommunications services. The business offers voice, internet and data solutions to a range of customers from consumer to SME, corporate and government sectors. TPM also provides the services through PIPE Networks (PIPE) and TrustedCloud Pty Ltd (TrustedCloud).

Broker Consensus : SELL

 

TPM – TPG Telecom Limited

 

TPM is showing some good signs that buyers are stepping in to support the price above 7.00. It is still early days as we need further confirmation but buyers are building. Watching now for a higher low to build and then an entry setup to play out for a move up through 9.00 highs.

Stock Code : TPM – TPG Telecom Limited

Company Website : www.tpg.com.au

Current Price : 7.59

Status : On watch for buy entry setup