Date of Data Capture: 25/11/2021
Name: SUPERLOOP LIMITED (SLC)
Classification: Telecommunications Services
Current Price: $1.21
Market Capitalisation: $592 M
Forecast EBITDA Growth: 75.27%
Yield Estimate: 0%
Consensus Price Target: $1.32
# Covering Analysts: 4
Discount at Current Price: -9.09%
Price Target Trend (3-Month): Up-Flat +5.60%
Signal Timeframe: Monthly-Weekly-Daily
Trend Bias: Up-Flat / Medium-Short
Focus: Capital Growth
Set up Notes:
· This emerging Asia Pacific telecommunications play has broken out of downtrend and looks to be heading higher, nearing positive cash flow, rallying on stronger growth and forecasting.
· Soft trading conditions saw weaker sales in 2020 and only slight growth this year, but earnings have been improving with margins, and strong growth expected next year and out to 2024.
· The stock reached a capitulation low in March 2020 before rallying into old $1 resistance and consolidating sideways for the last year - linear resistance broke last month on momentum and could be a good entry here with old highs above.
§ Support ($): 1.20, 1.10, 1.00, 0.90 & 0.80.
§ Resistance ($): 1.30, 1.50, 1.80, 2.00, 2.50 & 3.00.