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Current Active Alert Management NEC
Time Frame : Daily
Sector : Media and Entertainment/Communication Services
Broker Consensus : BUY
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NEC – Nine Entertainment
NEC is hovering around the 1.70 support zone as buyers hold their ground. Due to the slippage on the entry from 1.80 down to 1.72, we do not want to give this too much room as price could easily bounce on bargain hunting. If price continues to be weak then we should see the 1.70 zone break and sellers pile in…which is what we expect as a key lower high is confirmed. Moving the Stop Loss down from 1.92 to 1.80.
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Stock Code : NEC – Nine Entertainment
Company Website : www.nineentertainmentco.com.au
Current Price : 1.72
Previous Sell Entry (Trigger Level) : 1.72
New Buy Exit Zone (Stop Loss/Cancel Level) : 1.80
Status : On watch for Continuation Lower
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Alert History
Previous Alert 12/11/19
Sellers open price weaker on NEC after a news release so the Sell Entry Level was triggered at 1.72 and the alert is now active. We have the Stop Loss at 1.92 for now but will be watching the action closely over the coming days.
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Original Sell Entry Alert 6/11/19
New Sell Entry Alert NEC
Time Frame : Daily
Sector : Media and Entertainment/Communication Services
Key Stats : $3.12 Billion Market Cap, VWAP 1.845, ASX Ranking 124, 4 Week Av Turnover $9,341,124, Current Turnover (Intraday as at time of alert) $1,694,266, PE 9.3, Div Yield 4.46%.
Company Overview : Nine Entertainment Co. Holdings Limited (NEC) is an Australian and media entertainment group with television broadcasting and program production; and digital, internet, subscription television, and other media sectors. Business operates in the four divisions: free-to-air television, digital publishing, video-on-demand (advertising and subscription) and content production.
Broker Consensus : BUY
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NEC – Nine Entertainment
NEC is looking shaky as sellers edge into the action and keep the pressure on. Price is extended and failed to get up to previous highs around 2.10. We are now watching for failure of the move up off 1.70 and then a run lower as buyers exit. We are happy to sell on a push down through 1.80 with a Stop Loss at 1.92. If price rallies through 1.92 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : NEC – Nine Entertainment
Company Website : www.nineentertainmentco.com.au
Current Price : 1.855
New Potential Sell Entry (Trigger Level) : 1.80
Potential Buy Exit Zone (Stop Loss/Cancel Level) : 1.92
Status : On watch for Sell Entry Trigger
