Sellers take control to push price lower and cancel the entry alert

Sellers coming in strong to push price lower through 24.60 on APT so the alert is now cancelled. Still watching the key level to hold is at 22.40. If buyers can build the higher low then a buy may be back on the cards.

Alert History

Original Alert 17/05/19

New Buy Entry Alert APT

Time Frame : Daily/Weekly

Sector : Software and Services

Key Stats : $6.08 Billion Market Cap, VWAP 25.968, ASX Ranking 72, 4 Week Av Turnover $46,959,661, Current Turnover (Intraday as at time of alert) $7,666,596.

Company Overview : Afterpay Touch Group Limited (APT) is an Australian incorporated company. Afterpay focusses on applying its technology to provide a retail centric, omni channel retail service that facilitates commerce between retail merchants and their end-customers. Afterpay delivers this by providing a platform that allows retail merchants to offer their end-customers the ability to buy products on a ‘buy now, receive now, pay late’ basis without the end-customer having to Apply for or enter into a traditional loan, Pay any additional amount (by way of interest or upfront fees to Afterpay) for the merchant’s products if instalment payments are made on time or Provide extensive personal information that could cause delay or failure to complete a purchase.

Broker Consensus : BUY

APT – Afterpay Touch Group Limited

APT is in a prime position for a continuation move up to new highs as price continues to show strength. We are happy to buy on a push up through 26.85 and will hold a stop loss at 24.60. If price pushes down through 24.60 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : APT – Afterpay Touch Group Limited

Company Website :

Current Price : 26.14

New Potential Buy Entry (Trigger Level) : 26.85

Potential Sell Exit Zone (Stop Loss) : 24.60

Status : On watch for buy entry trigger