Price struggling to push back to highs so raising the risk level

Current Active Alert Trade Management CDA

Time Frame : Daily/Weekly

Sector : Technology Hardware and Equipment

Broker Consensus : BUY

CDA – Codan Ltd

CDA is struggling to run back to highs at 3.30 and is starting to look heavy as new buying is met with selling pressure back down to the 3.10 zone. We are happy to tighten up the risk level and raise the stop loss level to 3.07 from 2.99.

Stock Code : CDA – Codan Limited

Company Website : www.codan.com.au

Current Price : 3.11

Previous Potential Buy Entry (Trigger Level) : 3.18

New Sell Exit Zone (Stop Loss) : 3.07

Status : On watch for continuation higher

Alert History

Previous Alert 20/03/19

Buyers show strength in a weak market to push price higher and trigger CDA buy entry at 3.19. The Alert is now active and the stop loss is held at 2.99. Current price is 3.21.

Original Alert 19/03/19

New Buy Entry Alert CDA

Time Frame : Daily/Weekly

Sector : Technology Hardware and Equipment

Key Stats : $555.37 Million Market Cap, VWAP 3.127, ASX Ranking 334, 4 Week Av Turnover $594,230, Current Turnover (Intraday as at time of alert) $466,726, PE Ratio 11.5, Div Yield 2.74%.

Company Overview : Codan Limited (CDA) designs and manufactures a range of electronic products and associated software to governments, businesses, aid & humanitarians and customer markets. CDA has manufacturing and corporate offices in Australia and Canada, with overseas representative offices in USA, UK, Ireland, China, United Arab Emirates and India. CDA’s three main products are Radio Communication Products, Metal Detection Products, and Tracking Solutions.

Broker Consensus : BUY

CDA – Codan Ltd

CDA is holding higher levels as buyers look set to ramp up the pressure so time to get on board. We are happy to buy on a push up through 3.18 and will hold a stop loss at 2.99. If price pushes down through 2.99 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : CDA – Codan Limited

Company Website : www.codan.com.au

Current Price : 3.13

New Potential Buy Entry (Trigger Level) : 3.18

Potential Sell Exit Zone (Stop Loss) : 2.99

Status : On watch for buy entry trigger