$VOC - VOCUS - Can it break resistance ?

$VOC - VOCUS - Can it break resistance ?

Vocus is back up testing previous resistance. Indicators all look good for a push through, but ADX is still low showing that momentum hasn't arrived yet. This is confirmed when you look at the market depth on Commsec for example. It's a long way from its $9 highs in 2016 so lots of potential upside if it runs. Bit too early to trade but might be worth a watch.

About Vocus

Vocus Group Limited (ASX: VOC) is a specialist fibre network services provider operating Australia’s second largest inter-capital network as well as back haul fibre connecting most regional centres in Australia. Vocus also operates an extensive and modern network in New Zealand, connecting the country’s capitals and most regional centres. In total, the Vocus terrestrial network is c.30,000 route-km of high performance, high availability fibre-optic cable supported by 4,600km of submarine cable connecting Singapore, Indonesia and Australia and 2,100km of submarine cable between Port Hedland and Darwin and connecting offshore oil and gas facilities in the Timor Sea. Vocus owns a portfolio of brands catering to enterprise, government, wholesale, small business and residential customers across Australia and New Zealand.