Recent good news see buyers pile into the action as price pushes to new highs

Potential Buy Entry Alert to Watch 5GN

Time Frame : Daily

Sector : Telecommunications Services

Key Stats : $48.4 Million Market Cap, VWAP 0.985, ASX Ranking 1022, 4 Week Av Turnover $764,727, Current Turnover (Intraday as at time of alert) $1,043,474.

Company Overview : 5G Networks Limited (5GN) offer a level of broadband services that businesses can rely upon to succeed. With fibre access technology from third party carriers and their own wireless network offerings, Company are able to offer state of the art services ranging from Integrated Fibre and Wireless, High Speed Internet Access and Cloud Computing Services. 5G Networks provides the end-to-end control, responsiveness and upload and download speeds necessary to fully capture the value of cloud-based computing systems.

Broker Consensus : Not covered by a major broker


5GN – 5G Networks Limited

5GN has recently kicked into new all time highs on the back of a run of positive news releases. The push into new highs was supported with a strong increase in volume as new buyers jump into the action. We are now watching for price to consolidate above 1.00 and build the entry setup for a run up into blue skies.

Stock Code : 5GN – 5G Networks Limited

Company Website : www.5Gnetworks.com.au

Current Price : 1.025

Status : On watch for potential higher low and move through 1.95