TRADESETUP

January 9, 2020

Price previously pushed lower in thin trade to trigger the exit level

Closed Alerts

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Late alert – TCL was closed on the 31/12/19 when the Stop Loss was triggered in a thin market at 14.90. The Alert is closed at 14.90.

Alert History

Previous Alert 19/12/19

Current Active Alert Management TCL

Time Frame : Daily

Sector : Transportation/Industrials

Broker Consensus : HOLD

TCL – Transurban Group

TCL continues to push higher as strength comes into the overall market. We are now happy to raise the risk level and move the Stop Loss up to 14.90 from 14.70. Watching now to see how price reacts up at 16.00 which is the all time highs.

Stock Code : TCL – Transurban Group

Company Website : www.transurban.com

Current Price : 15.67

Previous Buy Entry (Trigger Level) : 15.15

New Sell Exit Zone (Stop Loss/Cancel Level) : 14.90

Status : On watch for continuation higher

Previous Alert 27/11/19

Current Active Alert Management TCL

Time Frame : Daily

Sector : Transportation/Industrials

Broker Consensus : HOLD

TCL – Transurban Group

TCL edges up holding minor higher levels as the ASX continues to show strength. We expect that price will kick on to test into new highs as the longer term action is very strong. Happy now to raise the risk level and move the stop loss up to 14.70 from 14.35.

Stock Code : TCL – Transurban Group

Company Website : www.transurban.com

Current Price : 15.36

Previous Buy Entry (Trigger Level) : 15.15

New Sell Exit Zone (Stop Loss/Cancel Level) : 14.70

Status : On watch for continuation higher

Previous Alert 1/11/19

Buyers start the march higher in TCL to trigger the Buy Entry Level at 15.15 so the alert is now active. The Stop Loss is held at 14.35 and the current price is trading at 15.135.

Original Buy Entry Alert 17/10/19

New Buy Entry Alert TCL

Time Frame : Daily

Sector : Transportation/Industrials

Key Stats : $40.7 Billion Market Cap, VWAP 14.95, ASX Ranking 11, 4 Week Av Turnover $101,895,920, Current Turnover (Intraday as at time of alert) $17,951,685, PE 225.6, Div Yield 3.96%.

Company Overview : Transurban Group (TCL) manages and develops urban toll road networks in Australia and the United States of America. The company engages in the development, operation, maintenance and financing of toll road networks as well as management of the associated customer and client relationships. The company has 13 roads in the Australian portfolio, and in the US, the company has 3 roads in the state of Virginia, 2 roads in Washington DC area and 1 in Canada.

Broker Consensus : HOLD

TCL – Transurban Group

TCL has been holding its group above 14.00 as price contracted off the highs at 16.06. We see the longer term action is primed and ready for a new leg higher with Divs expected to increase into 2020 and also the company being relatively insulated from Trade Wars. We are happy to buy on a push up through 15.15 and hold the stop loss at 14.35. If price falls down through 14.35 prior to entry then we will cancel the alert and re-assess the action.

Stock Code : TCL – Transurban Group

Company Website : www.transurban.com

Current Price : 14.85

New Buy Entry (Trigger Level) : 15.15

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 14.35

Status : On watch for Buy Entry Trigger

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