Buyers showing strength as they soak up any selling pressure

Potential Buy Entry Alert APT

 

Time Frame : Daily

Sector : Software and Services/Technology

Key Stats : $3.9 Billion Market Cap, VWAP 17.003, ASX Ranking 105, 4 Week Av Turnover $44,957,032, Current Turnover (Intraday) $5,729,027.

Company Overview : Afterpay Touch Group Limited (APT) is an Australian incorporated company. Afterpay focusses on applying its technology to provide a retail centric, omni channel retail service that facilitates commerce between retail merchants and their end-customers. Afterpay delivers this by providing a platform that allows retail merchants to offer their end-customers the ability to buy products on a’buy now, receive now, pay late’ basis without the end-customer having to Apply for or enter into a traditional loan, Pay any additional amount (by way of interest or upfront fees to Afterpay) for the merchant’s products if instalment payments are made on time or Provide extensive personal information that could cause delay or failure to complete a purchase.

Broker Consensus : BUY

 

APT – Afterpay Touch Group Limited

APT has been the flavour of the month and is still showing signs of strength as buyers continue to step into the action. We are now watching for higher lows to hold to build the buy entry setup for a potential run into new highs.

 

Stock Code : APT – Afterpay Touch Group Limited

Company Website : www.afterpaytouch.com

Current Price : 17.28

Status : On watch for a buy entry setup