Buyers struggling as highs rejected to time to lock in final gains

Sellers pressure APT lower from the highs which were recently rejected so time to call it a day. Closing the remaining alert out at current market price of 19.04. We feel that some buyers will need to be cleared out on a pullback and for the price action to reset if we are to see new highs.

Previous Alert 6/03/19

Current Active Alert Trade Management APT

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Broker Consensus : BUY

APT – Afterpay Touch Group Limited

APT sees recent volatility pick up as buyers and sellers fight it out up near all time highs. We are happy to raise the remaining risk on the position to below the recent higher low at 17.00 even. If this price gets tagged, then we expect to see sellers pile in for a correction lower.

Stock Code : APT – Afterpay Touch Group Limited

Company Website : www.afterpaytouch.com

Current Price : 19.72

Previous Buy Entry (Trigger Level) : 14.00

New Remaining Sell Exit Zone (Stop Loss) : 17.00

Previous 50% Partial Exit Level (Target) : 15.75

Status : On watch for continuation to new highs

Previous Alert 13/02/19

Current Active Alert Trade Management APT

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Broker Consensus : BUY

APT – Afterpay Touch Group Limited

APT buyers remain committed as price continues higher to the 18.00 zone.

Stock Code : APT – Afterpay Touch Group Limited

Company Website : www.afterpaytouch.com

Current Price : 17.80

Previous Buy Entry (Trigger Level) : 14.00

New Remaining Sell Exit Zone (Stop Loss) : 16.00

Previous 50% Partial Exit Level (Target) : 15.75

Status : On watch for continuation higher through 18.00

Previous Alert 18/1/19

Current Active Alert Trade Management APT

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Broker Consensus : BUY

Price kicks higher as buyers come out in force on the open on the back of positive business update. A partial exit was locked away at 15.75 and the stop loss raised to 14.00. We will see what happens from here and watch for the positive momentum to continue price action into the highs around 18.40.

Stock Code : APT – Afterpay Touch Group Limited

Company Website : www.afterpaytouch.com

Current Price : 15.88

Previous Buy Entry (Trigger Level) : 14.00

New Remaining Sell Exit Zone (Stop Loss) : 14.00

50% Partial Exit Level (Target) : 15.75 (From alert)

Status : On watch for buy entry trigger

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Previous Alert 16/01/19

APT Price Action kicks higher in a solid move up today to trigger the buy entry level at 14.00. The Alert is now active with the Stop Loss held at 12.80. Current Price is 14.04.

Original Alert 15/01/19

New Buy Entry Alert APT

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $3.06 Billion Market Cap, VWAP 13.267, ASX Ranking 114, 4 Week Av Turnover $17,584,378, Current Turnover (Intraday as at time of alert) $1,093,094.

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 is showing some good interest from buyers as support holds and price builds a higher low. We are now happy to buy on a push up through 14.00 and place a stop loss at 12.80. If price falls below 12.80 prior to entry, then we will cancel the entry alert and re-assess the action.

Stock Code : APT – Afterpay Touch Group Limited

Company Website : www.afterpaytouch.com

Current Price : 13.48

New Buy Entry (Trigger Level) : 14.00

Potential Sell Exit Zone (Stop Loss) : 12.80

Status : On watch for buy entry trigger