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HARRIS TECHNOLOGY GROUP LIMITEDHARRIS TECHNOLOGY GROUP LIMITEDHARRIS TECHNOLOGY GROUP LIMITED

HARRIS TECHNOLOGY GROUP LIMITED

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HT8 trade ideas

HT8 - 30% upside - Bullish Technicals!The ASX online sector looks like its getting bullish again and is ready to run. With that in mind ive checked a few of the online ASX stocks like KGN etc and, imo, HT8 had the highest probabilty chart to achieve 30% +. HT8 is positioned well to capture any stimulus excess cash as it did in 2020. Still only 50 mill market cap. Key Techinicals - Bullish flag is in play as well as a symmetrical triangle that is ready to break out. Key Fundamentals - Totally online, Harris Technology (HT) has been rated as the top ranked market place seller on Amazon Australia by independent US market research firm Marketplace Pulse and is ready to capture any excess Gov stimulus. Additionally, Harris Technology Group Limited launched a Pro-Hygiene division distributing PPE products in April 2020. The company has recently expanded product coverage from the existing range of face masks, hand sanitisers, alcohol wipes. It has co-developed a foot operated hand sanitiser dispenser. Sales on Pro-hygiene PPE products has exceeded $1.4 million since launching.
ASX:HT8Long
by rutt
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