Price weathers the share market storm as buyers show some strength

Potential Buy Entry Alert to Watch PWH

Time Frame : Daily/Weekly

Sector : Automobiles and Components

Key Stats : $412 Million Market Cap, VWAP 4.146, ASX Ranking 399, 4 Week Av Turnover $451,384, Current Turnover (Intraday as at time of alert) $209,744.

Company Overview : PWR Holdings Limited (PWH) is an Australian-based company involved in the design and the production of customised cooling solutions for motorsports and the automotive industry. PWH offers cooling solutions for water (radiators), oil and forced induction air (inter-coolers) systems for the motorsports industry. It engineers cooling solutions for the automotive OEM (Original Equipment Manufacture) and automotive aftermarket and is into technology applications when cooling solutions are required.

Broker Consensus : BUY

PWR – PWR Holdings Limited

PWH managed to weather the share market selloff well and bounced back strong back to the 4.30 zone from 3.85. We are now watching to see if the buyers can support the action and provide a floor to the downside move around 4.00. There is still some work to do as the average volume is lower than usual (which is a general trend across the market) but we will be watching for higher lows to hold with volume that will bring a rally higher towards the 4.70 mark.

Stock Code : PWH – PWR Holdings Limited

Company Website : www.pwr.com.au

Current Price : 4.13

Status : On watch for potential higher low and push up through 4.33