July 17, 2018
Time Frame : Daily/Weekly
Sector : Diversified Financials
Key Stats : $436.54 Million Market Cap, VWAP 1.81, ASX Ranking 381, 4 Week Av Turnover $586,832.
Company Overview : OFX Group Limited (OFX, formerly OzForex Group Limited) is a provider of online international payment services for consumer and business clients and foreign exchange services. The OFX Group provides services under the brands OFX, CanadianForex, NZForex, Tranzfers and ClearFX. The Company has offices in Sydney, London, Toronto, San Francisco, Hong Kong, Auckland and United States.
OFX is showing some great early signs for a long term move higher. We see that the price action is holding highs between 1.70 and 1.87 off major support around 1.30. This is a great signs of strength although we expect to see some heat come out of the price to build a higher low around 1.77 before the run to new highs.
Stock Code : OFX – OFX Group Limited
Company Website : www.ofx.com
Current Price : 1.84
Status : On watch for a buy entry setup
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