Sellers poised and ready to renew the pressure on the buyers

Potential Sell Entry Alert to Watch SVW

Time Frame : Daily/Weekly

Sector : Capital Goods/Industrials

Key Stats : $6.2 Billion Market Cap, VWAP 18.9, ASX Ranking 73, 4 Week Av Turnover $11,788,906, Current Turnover (Intraday as at time of alert) $4,518,980, PE 18.9, Div Yield 2.30%.

Company Overview : Seven Group Holdings Limited (SVW) is a diversified operating and investment company. SVW has a portfolio of industrial services, media, property and other investments. SVW is domiciled in Australia and operates in two countries, Australia and China.

Broker Consensus : BUY

SVW – Seven Group Holdings Limited

SVW has been under selling pressure Since October last year and now looks poised for the selling to continue. We see that price could not recover in the ASX200 since Jan this year and sellers stepped back into cap the rally around 20.00. Price now is on a knife edge and set to push down through 17.00. If weakness continues, we may see a move down to 13.00 and beyond.

Stock Code : SVW – Seven Group Holdings Limited

Company Website : www.sevengroup.com.au

Current Price : 18.13

Status : On watch for potential lower high and push down through 17.00