Time to lock away some gains at the current price level

APT struggling to kick through 35.00 so happy to lock away some gains at the current market level 34.92. Remaining Stop Loss is held at 32.50.

Alert History

Previous Alert 22/01/20

Current Active Alert Management APT

Time Frame : Daily/Weekly

Sector : Software and Services

Broker Consensus : BUY

APT – Afterpay Limited

APT continues to push higher but is also being pressured by sellers on the way up. Price is extended up at current levels so we are happy to lower the partial exit level to 35.00 from 35.90 to lock away some gains. Also moving the risk level up and moving the Stop Loss to 32.50 from 31.50. We will re-assess the Stop Loss if/when a partial is locked away.

Stock Code : APT – Afterpay Limited

Company Website : www.afterpaytouch.com

Current Price : 34.75

Previous Buy Entry (Trigger Level) : 31.50

New Potential 50% Partial Exit Level (Partial Target) : 35.00

New Sell Exit Zone (Stop Loss) : 32.50

Status : On watch for continuation and a partial exit

Previous Alert 20/01/20

Current Active Alert Management APT

Time Frame : Daily/Weekly

Sector : Software and Services

Broker Consensus : BUY

APT – Afterpay Limited

APT has continued higher since the entry and has spent the last few days consolidating the highs so we expect a spike up to the all time high levels around 37.00 in the near term. Happy now to raise the risk level and move the stop loss up to 31.50 (Breakeven) from 28.50. Also looking now to lock away some gains on a push to 35.90.

Stock Code : APT – Afterpay Limited

Company Website : www.afterpaytouch.com

Current Price : 33.63

Previous Buy Entry (Trigger Level) : 31.50

Potential 50% Partial Exit Level (Partial Target) : 35.90

New Sell Exit Zone (Stop Loss) : 31.50

Status : On watch for continuation and a partial exit

Previous Alert 13/01/20

APT has pushed higher to trigger the Buy Entry Level at 31.50 so the alert is now active. The Stop Loss is held at 28.50 and the current price is trading at 31.60.

Original Buy Entry Alert 10/01/20

New Buy Entry Alert APT

Time Frame : Daily/Weekly

Sector : Software and Services

Key Stats : $7.97 Billion Market Cap, VWAP 30.80, ASX Ranking 67, 4 Week Av Turnover $32,198,241, Current Turnover (Intraday as at 1:15pm) $9,875,956.

Company Overview : Afterpay Limited (APT, formerly Afterpay Touch Group Limited) provides technology-driven payments solutions for consumers and businesses through its Afterpay and Pay Now services and businesses. Afterpay is driving retail innovation by allowing leading retailers to offer a ‘buy now, receive now, pay later’ service that does not require end-customers to enter into a traditional loan or pay any upfront fees or interest to Afterpay.

Broker Consensus : BUY

APT – Afterpay Limited

APT is coiled up and ready for a new push higher that we expect will be into new all time highs for the stock. We are now happy to buy on a push up through 31.50 with a Stop Loss at 28.50. If price falls below 28.50 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : APT – Afterpay Limited

Company Website : www.afterpaytouch.com

Current Price : 30.85

New Potential Buy Entry (Trigger Level) : 31.50

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 28.50

Status : On watch for Buy Entry Trigger