Potential Buy Entry Alert STM

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $44.55 Million Market Cap, VWAP 0.042, ASX Ranking 1111, 4 Week Av Turnover $68,315.

Company Overview : Sunstone Metals Ltd (STM, formerly Avalon Minerals Limited) is a mineral exploration company focusing on exploration and development projects in Scandinavia and Ecuador.

STM – Sunstone Metals Limited

STM is a small stock that has banked some very positive news releases lately to see buying pressure increase. Price action has been holding higher lows since October last year so we expect that trend to continue. We are now watching for a pullback to build a higher low for the run up but we are also on guard for a deeper correction below 0.035 where we would also be watching for the trusty higher low setup.

Stock Code : STM – Sunstone Metals Limited

Company Website : www.sunstonemetals.com.au

Current Price : 0.04

Status : On watch for a buy entry setup