Price is coiled up and ready to make another push up into new highs

New Buy Entry Alert APT

Time Frame : Daily/Weekly

Sector : Software and Services

Key Stats : $7.97 Billion Market Cap, VWAP 30.80, ASX Ranking 67, 4 Week Av Turnover $32,198,241, Current Turnover (Intraday as at 1:15pm) $9,875,956.

Company Overview : Afterpay Limited (APT, formerly Afterpay Touch Group Limited) provides technology-driven payments solutions for consumers and businesses through its Afterpay and Pay Now services and businesses. Afterpay is driving retail innovation by allowing leading retailers to offer a ‘buy now, receive now, pay later’ service that does not require end-customers to enter into a traditional loan or pay any upfront fees or interest to Afterpay.

Broker Consensus : BUY

APT – Afterpay Limited

APT is coiled up and ready for a new push higher that we expect will be into new all time highs for the stock. We are now happy to buy on a push up through 31.50 with a Stop Loss at 28.50. If price falls below 28.50 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : APT – Afterpay Limited

Company Website : www.afterpaytouch.com

Current Price : 30.85

New Potential Buy Entry (Trigger Level) : 31.50

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 28.50

Status : On watch for Buy Entry Trigger