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Current Active Alert Trade Management CDA
Time Frame : Daily/Weekly
Sector : Technology Hardware and Equipment
Broker Consensus : BUY
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CDA – Codan Ltd
CDA is still finding some buyers stepping in to edge price higher so we are now happy to raise the risk level from 3.07 to entry at 3.18. If price tags the stop loss level, we expect to see a decent pullback as price hovers around overbought levels. Watching now to see how the action plays out.
Stock Code : CDA – Codan Limited
Company Website : www.codan.com.au
Current Price : 3.33
Previous Potential Buy Entry (Trigger Level) : 3.18
New Sell Exit Zone (Stop Loss) : 3.18
Status : On watch for continuation higher through 3.39
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Alert History
Previous Alert 10/04/19
Current Active Alert Trade Management CDA
Time Frame : Daily/Weekly
Sector : Technology Hardware and Equipment
Broker Consensus : BUY
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CDA – Codan Ltd
CDA is struggling to run back to highs at 3.30 and is starting to look heavy as new buying is met with selling pressure back down to the 3.10 zone. We are happy to tighten up the risk level and raise the stop loss level to 3.07 from 2.99.
Stock Code : CDA – Codan Limited
Company Website : www.codan.com.au
Current Price : 3.11
Previous Potential Buy Entry (Trigger Level) : 3.18
New Sell Exit Zone (Stop Loss) : 3.07
Status : On watch for continuation higher
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Previous Alert 20/03/19
Buyers show strength in a weak market to push price higher and trigger CDA buy entry at 3.19. The Alert is now active and the stop loss is held at 2.99. Current price is 3.21.
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Original Alert 19/03/19
New Buy Entry Alert CDA
Time Frame : Daily/Weekly
Sector : Technology Hardware and Equipment
Key Stats : $555.37 Million Market Cap, VWAP 3.127, ASX Ranking 334, 4 Week Av Turnover $594,230, Current Turnover (Intraday as at time of alert) $466,726, PE Ratio 11.5, Div Yield 2.74%.
Company Overview : Codan Limited (CDA) designs and manufactures a range of electronic products and associated software to governments, businesses, aid & humanitarians and customer markets. CDA has manufacturing and corporate offices in Australia and Canada, with overseas representative offices in USA, UK, Ireland, China, United Arab Emirates and India. CDA’s three main products are Radio Communication Products, Metal Detection Products, and Tracking Solutions.
Broker Consensus : BUY
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CDA – Codan Ltd
CDA is holding higher levels as buyers look set to ramp up the pressure so time to get on board. We are happy to buy on a push up through 3.18 and will hold a stop loss at 2.99. If price pushes down through 2.99 prior to entry, then happy to cancel the alert and re-assess the action.
Stock Code : CDA – Codan Limited
Company Website : www.codan.com.au
Current Price : 3.13
New Potential Buy Entry (Trigger Level) : 3.18
Potential Sell Exit Zone (Stop Loss) : 2.99
Status : On watch for buy entry trigger
