AngusMcK
Long

$MP1:ASX - MEGAPORT - Will it break resistance?

ASX:MP1   MEGAPORT LIMITED
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2
Megaport has had a pretty good run this year and is back up at its resistance area after a pull back. All the indicators look good. Volume perhaps a little light. Could be worth a watch.

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.
Comment: That was a quick 15% push up to the $8.80 area before a bit of a pull back. Still holding, be interesting to see if it can rally and keep going. Stops are in.

Comment: Looks to have bounced off that $10.35 area and pushing $11.00. Will hopefully continue its upwards progression.

Comment: Pushing $14. Just been let into the ASX 200.

Comment: For interest, a 20% trail would have seen you get stopped out only twice for an almost 300% gain.

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