Buyers showing strength as they hold price up at the highs

Potential Buy Entry Alert INA

 

Time Frame : Daily/Weekly

Sector : Real Estate

Key Stats : $630.65 Million Market Cap, VWAP 3.006, ASX Ranking 316, 4 Week Av Turnover $653,313, Current Turnover (Intraday) $215,212.

Company Overview : Ingenia Communities Group (INA, formerly ING Real Estate Community Living Group) owns, manages and develops a diversified portfolio of 66 quality affordable seniors living communities across Australia. INA has three segments including Garden Villages (rental), Settlers Lifestyle (Deferred Management Fee) and Active Lifestyle Estates (Manufactured Home Estates).

Broker Consensus : BUY

 

INA – Ingenia Communities Group

INA previously pushed through 3.18 highs and is holding up nicely. Buyers are showing strength on the current pullback to hold price up around the 3.00 zone. We are now watching for a higher low to build for a buy entry setup once buyers start the push back up.

 

Stock Code : INA – Ingenia Communities Group

Company Website : www.ingeniacommunities.com.au

Current Price : 2.995

Status : On watch for a buy entry setup