Price is consolidating the highs and building for another run up

Potential Buy Entry Alert to Watch ASX

Time Frame : Daily/Weekly

Sector : Diversified Financials/Financial Services

Key Stats : $15.94 Billion Market Cap, VWAP 82.59, ASX Ranking 28, 4 Week Av Turnover $31,889,301, Current Turnover Intraday $5,906,184 (1:04pm AEDT), PE 32.4, Div Yield 2.78%.

Company Overview : ASX Limited (ASX) operates Australia’s primary national securities exchanges. This include the provision of securities exchange services, derivatives exchange services, central counterparty clearing services, and registry, settlement, and delivery-versus-payment clearing financial products and associated ancillary services. It also provides market data services and investor education courses.

Broker Consensus : SELL

ASX – ASX Limited

ASX is consolidating the recent move up from $60 and holding strong above the $80 level. We expect further buying to support the action and start building for another leg up so watching now for a higher low to hold and kick off the rally up to and through $90.

Stock Code : ASX – ASX Limited

Company Website : www.asx.com.au

Current Price : 82.43

Status : On watch for potential higher low and push up through 90.00

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