TRADESETUP

February 13, 2020

Price rockets higher so time to lock away some gains

Alert Management

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TPM received good news that has sent the price rocketing higher so time to lock away some gains. Happy to take a 50% partial exit at the current price of 8.32 to lock away some gains. The Stop Loss remains at 7.05.

Alert History

Previous Alert 12/02/20

Current Active Alert Management TPM

Time Frame : Weekly

Sector : Telecommunications Services

Broker Consensus : HOLD

TPM – TPG Telecom Limited

TPM has been a bit off a choppy ride since the entry triggered but buyers are holding up strong to soak up the selling pressure. We expect to see buyers continue to hold higher levels as the ASX200 looks set to charge up into new all time highs. Happy now to raise the risk level and move the stop loss to 7.05 from 6.40.

Stock Code : TPM – TPG Telecom Limited

Company Website : www.tpg.com.au

Current Price : 7.43

Previous Buy Entry (Trigger Level) : 7.30

New Sell Exit Zone (Stop Loss) : 7.05

Status : On watch for continuation higher

Previous Alert 30/01/20

TPM is finally pushing up off the base and has triggered the Buy Entry Level at 7.30 so the alert is now active. The Stop Loss is held at 6.40 and the current price is trading at 7.35.

Original Buy Entry Alert 27/11/19

New Buy Entry Alert TPM

Time Frame : Weekly

Sector : Telecommunications Services

Key Stats : $6.11 Billion Market Cap, VWAP 6.71, ASX Ranking 77, 4 Week Av Turnover $4,062,333, Current Turnover (Intraday as at time of alert) $2,038,187, PE 35.2, Div Yield 0.61%.

Company Overview : TPG Telecom Limited (TPM) is an Australian-based multi-media full service telecommunications company providing consumer, wholesale and corporate telecommunications services. The business offers voice, internet and data solutions to a range of customers from consumer to SME, corporate and government sectors.

Broker Consensus : HOLD

TPM – TPG Telecom Limited

TPM has spent some time holding a base around 6.00 to setup for a run higher. Buyers are laying the foundations so it is all about the entry now to bring in further fuel for the move up. We are now happy to buy on a push up through 7.30 with a Stop Loss at 6.40. If price falls below 6.40 prior to entry, we will cancel the alert and re-assess the action. It is a wider than usual entry but price will need to prove itself and clear out a few highs to convince longer term buyers to jump into the action.

Stock Code : TPM – TPG Telecom Limited

Company Website : www.tpg.com.au

Current Price : 6.81

New Potential Buy Entry (Trigger Level) : 7.30

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 6.40

Status : On watch for Buy Entry Trigger

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