Price is soaking up the sellers as Buyers support higher levels

New Buy Entry Alert NET

Time Frame : Daily

Sector : Software and Services/Technology

Key Stats : $308.23 Million Market Cap, VWAP 0.18, ASX Ranking 454, 4 Week Av Turnover $516,569, Current Turnover (Intraday as at time of alert) $277,703.

Company Overview : NetLinkz Limited (NET, formerly Iwebgate Limited) provides secure and efficient cloud network solutions. NET is transforming to a licensing model around the world to reduce its cost base. Its technology makes Fortune-500 security commercially available for organisations of all sizes.

Broker Consensus : Not covered by a major broker

NET – Netlinkz Limited

NET is in a prime position for buyers to continue the march higher as recent selling pressure from highs is all soaked up. We are happy to buy on a push up through 0.205 and hold the stop loss at 0.17. If price falls down through 0.17 prior to entry then we will cancel the alert and re-assess the action.

Stock Code : NET – Netlinkz Limited

Company Website : www.netlinkz.com

Current Price : 0.18

New Buy Entry (Trigger Level) : 0.205

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 0.17

Status : On watch for Buy Entry Trigger