Buyers soak up the recent selling pressure at higher levels

Potential Buy Entry Alert to Watch NXT

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $2.32 Billion Market Cap, VWAP 6.758, ASX Ranking 153, 4 Week Av Turnover $8,473,402, Current Turnover (Intraday as at time of alert) $6,134,249.

Company Overview : NEXTDC Limited (NXT) is involved in the development and operation of independent data centres in Australia. They focus on providing scalable, on- demand services to support outsourced data centre infrastructure and cloud connectivity for enterprises of all sizes.

Broker Consensus : BUY

NXT – Nextdc Limited

NXT is putting in the longer term groundwork to start a new leg higher as buyers soak up recent selling pressure at 5.60 and then up at the 5.85 zone. We are now watching for a push up through 7.00 and then a higher low to build with the support of good volume as buyers step in and price confirms higher levels.

Stock Code : NXT – Nextdc Limited

Company Website : www.nextdc.com

Current Price : 6.715

Status : On watch for potential higher low and push up through 7.25