Buyers putting in the groundwork for a move through to the highs

Potential Buy Entry Alert to Watch TPM

 

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