Potential Buy Entry Alert ORE

Time Frame : Weekly

Sector : Materials/Basic Materials

Key Stats : $1.42 Billion Market Cap, VWAP 5.461, ASX Ranking 196, 4 Week Av Turnover $6,302,163.

Company Overview : Orocobre Limited (ORE) is a mineral exploration company focused on the contruction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northen Argentina. Currently, ORE’s flagship project is Olaroz Project.

ORE – Orocobre Limited

ORE has been good to us in the past although we did unfortunately leave a bit of the table so we are now watching for another opportunity. Price has been holding some major higher lows as long term buyers see value so we are now watching for a push higher out of current contraction and then the buy entry to build.

Stock Code : ORE – Orocobre Limited

Company Website : www.orocobre.com.au

Current Price : 5.505

Status : On watch for buy entry setup