TRADESETUP

February 12, 2019

Price backs up strength with more strength as buyers jump on board

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Potential Buy Entry Alert to Watch OTW

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $259.42 Million Market Cap, VWAP 4.997, ASX Ranking 483, 4 Week Av Turnover $219,407, Current Turnover (Intraday as at time of alert) $188,162.

Company Overview : Over The Wire Holdings Limited (OTW) is a telecommunications, cloud and IT solutions provider that has a national network with points of presence in all major Australian capital cities and Auckland, NZ. The company offers an integrated suite of products and services to business customers including Data Networks and Internet, Voice, Data Centre co-location, Cloud and Managed Services.

Broker Consensus : BUY


OTW – Over The Wire Holdings Limited

OTW has had a strong few days to lift price off the 4.60 zone up and out of contraction. We expect the strength to bring in some fresh buying so we are now on the hunt for a higher low and buy entry setup. If we can get a higher low around 4.80 to 5.00, then we expect price to run strongly through the highs.

Stock Code : OTW – Over The Wire Holdings Limited

Company Website : www.overthewire.com.au

Current Price : 5.18

Status : On watch for potential higher low and move through 5.60

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