Time to lock away some gains as buyers edge higher

Current Active Alert Management FLN

Sector : Commercial and Professional Services

Broker Consensus : BUY

FLN – Freelancer Limited

FLN is on the move so we are now looking to lock away some gains. Happy to take a partial exit at 0.94 and also to raise the remaining risk level and move the stop loss up to 0.82 from 0.79.

Stock Code : FLN – Freelancer Limited

Company Website : www.freelancer.com

Current Price : 0.94

Previous Buy Entry (Trigger Level) : 0.86

New Sell Exit Zone (Stop Loss) : 0.82

New 50% Partial Exit Zone (Target) : 0.94

Status : On watch for continuation higher and partial exit

Alert History

Previous Alert 10/07/19

FLN kicked on through 0.85 to trigger the buy entry at 0.86 so the alert is now active. The current price is trading at 0.885 and the Stop Loss is held at 0.79.

Original Entry Alert 10/07/19

New Buy Entry Alert FLN

Time Frame : Daily

Sector : Commercial and Professional Services

Key Stats : $379.5 Million Market Cap, VWAP 0.84, ASX Ranking 405, 4 Week Av Turnover $68,428, Current Turnover (Intraday as at time of alert) $168,472.

Company Overview : Freelancer Limited (FLN) is engaged in freelancing, outsourcing, and crowdsourcing marketplace for small business. FLN connects over 26,976,627employers and freelancers globally from over 247 countries, regions and territories. Employers can hire freelancers to do work in areas such as software development, writing, data entry and design right through to engineering, the sciences, sales and marketing, accounting and legal services.

Broker Consensus : BUY

FLN – Freelancer Limited

FLN is looking set to rally both on the short and long term timeframes as the buying pressure builds. We are happy to buy on a push up through 0.855 up to 0.865 and will hold the risk level and stop loss at 0.79. If price falls below 0.79 prior to entry, then we are happy to cancel the alert and re-assess the action.

Stock Code : FLN – Freelancer Limited

Company Website : www.freelancer.com

Current Price : 0.84

New Potential Buy Entry (Trigger Level) : 0.855 up to 0.865

Potential Sell Exit Zone (Stop Loss) : 0.79

Status : On watch for buy entry trigger