Buyers remain on the sideline as price moves lower so entry alert is cancelled

Sellers push price lower in NET to trigger the CANCEL LEVEL at 0.17 so the alert in not active. We are going to keep and eye on this one as buyers may just need some more time to soak up the remaining sell pressure before the march higher.

Alert History

Original Buy Entry Alert 19/09/19

New Buy Entry Alert NET

Time Frame : Daily

Sector : Software and Services/Technology

Key Stats : $308.23 Million Market Cap, VWAP 0.18, ASX Ranking 454, 4 Week Av Turnover $516,569, Current Turnover (Intraday as at time of alert) $277,703.

Company Overview : NetLinkz Limited (NET, formerly Iwebgate Limited) provides secure and efficient cloud network solutions. NET is transforming to a licensing model around the world to reduce its cost base. Its technology makes Fortune-500 security commercially available for organisations of all sizes.

Broker Consensus : Not covered by a major broker

NET – Netlinkz Limited

NET is in a prime position for buyers to continue the march higher as recent selling pressure from highs is all soaked up. We are happy to buy on a push up through 0.205 and hold the stop loss at 0.17. If price falls down through 0.17 prior to entry then we will cancel the alert and re-assess the action.

Stock Code : NET – Netlinkz Limited

Company Website : www.netlinkz.com

Current Price : 0.18

New Buy Entry (Trigger Level) : 0.205

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 0.17

Status : On watch for Buy Entry Trigger