Buyers tentative but holding higher levels patiently waiting for a move up

Potential Buy Entry Alert to Watch FLN

Time Frame : Daily

Sector : Commercial and Professional Services

Key Stats : $377.23 Million Market Cap, VWAP 0.83, ASX Ranking 400, 4 Week Av Turnover $148,662, Current Turnover (Intraday as at time of alert) $20,816.

Company Overview : Freelancer Limited (FLN) is engaged in freelancing, outsourcing, and crowdsourcing marketplace for small business. FLN connects over 26,976,627employers and freelancers globally from over 247 countries, regions and territories. Employers can hire freelancers to do work in areas such as software development, writing, data entry and design right through to engineering, the sciences, sales and marketing, accounting and legal services.

Broker Consensus : BUY

FLN – Freelancer Limited

FLN is holding the highs above 0.80 since the last alert and is weathering the storm on the ASX. Buyers are holding higher levels but the current action is thin as traders are cautious in current global market conditions. We are now watching for a pick up in volume and a minor higher low to take advantage of a move higher.

Stock Code : FLN – Freelancer Limited

Company Website : www.freelancer.com

Current Price : 0.825

Status : On watch for potential higher low and move up through 0.92

Alert History

Previous Alert 10/05/19

Potential Buy Entry Alert to Watch FLN

Time Frame : Daily

Sector : Commercial and Professional Services

Key Stats : $363.59 Million Market Cap, VWAP 0.82, ASX Ranking 402, 4 Week Av Turnover $149,898, Current Turnover (Intraday as at time of alert) $8,778.

Company Overview : Freelancer Limited (FLN) is engaged in freelancing, outsourcing, and crowdsourcing marketplace for small business. FLN connects over 26,976,627employers and freelancers globally from over 247 countries, regions and territories. Employers can hire freelancers to do work in areas such as software development, writing, data entry and design right through to engineering, the sciences, sales and marketing, accounting and legal services.

Broker Consensus : BUY

FLN – Freelancer Limited

FLN is showing some longer term strength as more buyers get interested and start the move up. We are watching for further consolidation of price above 0.65 which is the higher low we want to see hold for the move up through 0.92. Current volume is a bit thin, so watching for a minor higher low around 0.80 to hold with increased volume for evidence that its time to get on board.

Stock Code : FLN – Freelancer Limited

Company Website : www.freelancer.com

Current Price : 0.815

Status : On watch for potential higher low and move up through 0.92