Technical outlook – Since established a firm footing from the region of $3.20 late September, Hansen Technologies Limited (HSN) now appears to be developing the building blocks to a potential recovery. If further upside improvements emerge, then it is in our assessment (from a technical perspective), that prices are expected to unfold towards the region of $3.69. Reassess from there.
Company Overview – Hansen Technologies Limited (HSN) is involved in the development, integration and support of billing systems software for the utilities, energy, pay-TV and telecommunications sectors. Other activities undertaken by the Group include IT outsourcing services and the development of other specific software applications. HSN has offices in Australia, USA, New Zealand, China, Denmark, Germany, Argentina, Brazil, South Africa, Norway, Finland, Netherlands, Sweden, Switzerland and UK servicing customers in over 80 countries around the world.