Buyers struggle to push price higher so time to cancel the alert

Buy Entry Alert Cancelled on 5GN as price heads lower

 


Original Alert 22/8/18

New Buy Entry Alert 5GN

 

Time Frame : Daily

Sector : Telecommunication Services

Key Stats : $15.09 Million Market Cap, VWAP 0.57, ASX Ranking 1599, 4 Week Av Turnover $38,368.

Company Overview : 5G Networks combines two different broadband technologies fibre access technology from third-party carriers and 5G Network’s own wireless network offering. These two separate technologies combine to create a seamless, integrated platform that allows businesses to manage how data is channelled across both mediums, and to have redundant capacity in the event that one of the mediums fails.

Broker Consensus : None

 

5GN – 5G Networks Limited

5GN released their first financial report today that has given the price a kick up. We are now happy to buy on a push up through 0.615 and will hold the stop loss at 0.50. If price falls below 0.50 prior to entry, we will re-assess the alert.

 

Stock Code : 5GN – 5G Networks Limited

Company Website : www.5gnetworks.com.au

Current Price : 0.585

New Buy Entry Level (Trigger Level) : 0.615

Potential Sell Exit Zone (Stop Loss) : 0.50

Status : On watch for a buy entry trigger