Good show of strength from buyers to march price higher

Potential Buy Entry Alert WMI

 

Time Frame : Daily

Sector/Industry Group : Diversified Financials/Financial Services

Key Stats : $205.32 Million Market Cap, VWAP 1.485, ASX Ranking 558, 4 Week Av Turnover $119,855, PE 4.9.

Company Overview : WAM Microcap Limited (WMI) provide access to an actively managed portfolio. The Company aims to provide shareholders risk-adjusted returns derived from a portfolio of undervalued growth companies listed on the ASX with a market capitalization of less than $300 million at the time of acquisition using Wilson Asset Management’s research driven and market-driven investment process

Broker Consensus : None

 

WMI – WAM Microcap Limited

WMI is being supported well as buyers step in to edge price higher. The asset management company is showing strong signs of continuing the trend up to new highs. We are now watching for a push through 1.50 followed by a higher low to build the buy entry setup.

 

Stock Code : WMI – WAM Microcap Limited

Company Website : www.wilsonassetmanagement.com.au

Current Price : 1.495

Status : On watch for a buy entry setup