Buyers starting to build for a new leg higher

Potential Buy Entry Alert to Watch APT

 

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $2.98 Billion Market Cap, VWAP 13.611, ASX Ranking 119, 4 Week Av Turnover $23,887,691, Current Turnover (Intraday as at time of alert) $58,536,630.

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 spent a lot of time putting late buyers back on the sidelines on a pullback from the highs but is now looking to rebuild. We are now watching the 11.00 support level for buyers to hold and build the ever faithful higher low as they begin a new run higher. The action may take some time to play out so on the watchlist for now.

 

Stock Code : APT – Afterpay Touch Group Limited

Company Website : www.afterpaytouch.com

Current Price : 13.34

Status : On watch for buy entry setup