Price action consolidating the highs in a show of strength

Potential Buy Entry Alert to Watch AD8

Time Frame : Daily/Weekly

Sector : Technology Hardware and Equipment/Technology

Key Stats : $508.18 Million Market Cap, VWAP 7.68, ASX Ranking 368, 4 Week Av Turnover $972,834, Current Turnover (Intraday as at time of alert) $748,639.

Company Overview : Audinate Group limited (AD8) is the provider of digital Audio-Visual networking technologies. Dante is Audinate’s technology platform that distributes digital audio signals over computer networks. Audinate’s solutions are utilised across thousands of installations within the professional AV market, which includes the Sound Reinforcement, Broadcast, and Recording segments.

Broker Consensus : BUY

AD8 – Audinate Group Limited

AD8 is consolidating the highs between seven and eight dollars and building as longer term buyers start to step back into the action. We are now watching for a push through 8.00 and then a higher low to build the entry setup and confirmation that a new leg up is underway.

Stock Code :AD8 – Audinate Group Limited

Company Website : www.audinate.com

Current Price : 7.79

Status : On watch for potential higher low and push up through 8.00 then 8.75