Buyers supporting the price as they build for a move higher

Potential Buy Entry Alert BXB

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $17 Billion Market Cap, VWAP 10.585, ASX Ranking 20, 4 Week Av Turnover $42,090,270, Current Turnover (Intraday as at time of alert) $7,116,902, PE Ratio 16.8, Div Yield 2.72%.

Company Overview : Brambles Limited (BXB) is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands. BXB specializes in the pooling of unit-load equipment and the provision of associated services. BXB is focusing on the outsourced management of returnable pallets, crates and containers.

Broker Consensus : HOLD

 

BXB – Brambles Limited

BXB is holding up nicely since the below alert as buyers defend the 10.20 support area. We are now watching for further buying pressure and a rally to build the higher low and then the buy entry setup.

 

Stock Code : BXB – Brambles Limited

Company Website : www.brambles.com

Current Price : 10.59

Status : On watch for buy entry setup

 

 


Previous Alert 19/10/18

Potential Buy Entry Alert BXB

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $16.84 Billion Market Cap, VWAP 10.554, ASX Ranking 82, 4 Week Av Turnover $44,438,369, Current Turnover (Intraday as at time of alert) $4,167,403, PE Ratio 16.6, Div Yield 2.74%.

Company Overview : Brambles Limited (BXB) is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands. BXB specializes in the pooling of unit-load equipment and the provision of associated services. BXB is focusing on the outsourced management of returnable pallets, crates and containers.

Broker Consensus : HOLD

 

BXB – Brambles Limited

BXB recently contracted off the highs around 13.75 and then found buying support at 9.00. We like the push up off support and are now in search of minor higher lows to confirm that the buyers are committed to a move higher. Once we see the action play out then its all about the entry.

 

Stock Code : BXB – Brambles Limited

Company Website : www.brambles.com

Current Price : 10.55

Status : On watch for buy entry setup