Sellers pile in to push price lower and trigger the sell exit

Sellers push the price lower to trigger the Stop Loss level at 3.75 so the alert is now closed.

Previous Alert 17/01/19

MP1 triggered straight away at 4.02 so no messing around from the buyers. The Stop Loss is held at 3.75 and the current price is trading at 4.08. The alert is now active.

Original Alert 17/01/19

New Buy Entry Alert MP1

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $452.1 Million Market Cap, VWAP 3.909, ASX Ranking 366, 4 Week Av Turnover $566,952, Current Turnover (Intraday as at time of alert) $143,752.

Company Overview : Megaport Limited (MP1) is provider of elasticity connectivity and network services interconnection across any location, to any services by SDN based, ubiquitous Ethernet fabric allowing our customers wider coverage, speed to market while reducing costs and enabling real-time provisioning across one platform.

Broker Consensus : BUY


MP1 – Megaport Limited

MP1 is looking strong as buyers hold a higher low in a show of strength. We are now happy to buy on a push up through 4.02 and place a stop loss at 3.75. If price falls below 3.75 prior to entry, then we will cancel the entry alert and re-assess the action.

Stock Code : MP1 – Megaport Limited

Company Website : www.megaport.com

Current Price : 3.91

New Buy Entry (Trigger Level) : 4.02

Potential Sell Exit Zone (Stop Loss) : 3.75

Status : On watch for buy entry trigger