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Potential Sell Entry Alert to Watch MNY
Time Frame : Daily
Sector : Diversified Finacials/Financial Services
Key Stats : $384.28 Million Market Cap, VWAP 2.099, ASX Ranking 402, 4 Week Av Turnover $280,267, Current Turnover (Intraday as at time of alert) $312,625, PE 10.6, Div Yield 4.74%.
Company Overview : Money3 Corporation Limited (MNY) is a national credit provider committed to servicing the needs of customers who cannot access funding from traditional lenders. They provide secured automotive loans and unsecured personal loans through their brokers and branches. They also provide online unsecured personal loan.
Broker Consensus : BUY
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MNY – Money3 Corporation Limited
MNY is struggling to push up through the 2.20/2.25 zone as sellers enter the market and price fails for a third time. We see the potential for buyers, from the leg up off 1.50, start to be squeezed out as gains are locked away and the action moves lower. Watching now for volume to come in on a potential push through 2.05.
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Stock Code : MNY – Money3 Corporation Limited
Company Website : www.money3.com.au
Current Price : 2.08
Status : On watch for potential lower high and push down through 2.05
