A strong rally sees buyers take control so on watch now for the entry

Potential Buy Entry Alert KDR

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $554 Million Market Cap, VWAP 1.47, ASX Ranking 329, 4 Week Av Turnover $4,366,002, Current Turnover (Intraday as at time of alert) $3,431,272.

Company Overview : Kidman Resources Limited (KDR) is focused on the exploration and development of copper, gold and rare earth element prospects in New South Wales and Northern Territory, Australia. The company has recenly acquired the Browns Reef Project.

Broker Consensus : BUY

 

KDR – Kidman Resources Limited

KDR is showing strength as price kicks up off support around 0.90 as buyers jump into the action. We are now watching for a minor pullback to drag in further buying for confirmation that we are on the right side of the market. Form there it will be all about the entry setup and managing our risk to the highs.

 

Stock Code : KDR – Kidman Resources Limited

Company Website : www.kidmanresources.com.au

Current Price : 1.445

Status : On watch for buy entry setup