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Current Active Alert Trade Management CLV
Current Position : Up 3%
Potential Gains : 10% (Partial Target)
Risk : 5%
Time Frame : 30 Min Chart
CLV – Clover Corporation Limited
CLV is doing well as buyers are holding onto the highs around the 2.00 level. Selling pressure was soaked up yesterday into 1.90 and price has bounced back today. We are happy to tighten up the risk level to 1.85 and will watch for a spike up to 2.15/2.20 to lock away some gains and take a partial exit. We are hopeful that buyers will push price up through 2.04 highs from Wednesday into the close today to setup for a strong week next week.
Stock Code : CLV – Clover Corporation Limited
Company Website : www.clovercorp.com.au
Current Price : 2.02
Previous Buy Entry (Trigger Level) : 1.96
New Sell Exit Zone (Stop Loss) : 1.85
Status : On watch for a partial Exit to lock away some gains
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Alert History
Previous Alert 15/04/20
Buyers pushed price higher to trigger the Buy Entry Level at 1.96 (due to a widened spread) so the alert is now active. The Stop Loss is held at 1.75 for now and the current price is trading at 1.99. We are happy to lock away some quick gains and take a partial exit if price continues to 2.15.
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Original Buy Entry Alert 15/04/20
New Buy Entry Alert CLV
Time Frame : Daily
Sector : Materials/Healthcare
Key Stats : $304.35 Million Market Cap, VWAP 1.87, ASX Ranking 425, 4 Week Av Turnover $1,316,803, Current Turnover (as at 10:51am AEST) $326,443.
Company Overview : Clover Corporation Limited (CLV) is involved in the refining and sale of omega-3 oils and encapsulated bioactive ingredients for infant formula, children’s foods, supplements and medical foods. CLV operates its businesses from five sites: a headquarter in Sydney; a manufacturing plant for tuna oils and related products in Altona; a product development R&D facility, technical support and marketing in Brisbane; the finance and IT departments in Gladstone Park; and a logistic and customer service office in the UK.
Broker Consensus : BUY
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CLV – Clover Corporation Limited
CLV is set for a run higher after a major capitulation in buyers spiked price lower. We are now happy to buy on a push up through 1.95 with a Stop Loss at 1.75. If price falls below 1.75 prior to entry, we will cancel the alert and re-assess the action. This trade is an aggressive trade looking for a quick gain as the markets may still come under pressure. The early signs are good that buyers are getting involved and we expect a short term push to 2.20 and potentially beyond as long as the ASX keeps defying the bears.
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Stock Code : CLV – Clover Corporation Limited
Company Website : www.clovercorp.com.au
Current Price : 1.90
New Potential Buy Entry (Trigger Level) : 1.95
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.75
Status : On watch for Buy Entry Trigger
