Potential Buy Entry Alert TAW

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $232.2 Million Market Cap, VWAP 0.40, ASX Ranking 526, 4 Wk Av Turnover $928,675.

Company Overview : Tawana Resources NL (TAW) is a minerals exploration company focused on becoming a lithium producer. Tawana’s principal projects are the Bald Hill Lithium and Tantalum Mine (earning a 50% interest) and the adjacent Cowan Lithium Project and the Mofe Creek Iron Ore Project.

TAW –  Tawana Resources

TAW has been a great alert in the past and now looks ready to drag in buyers for a push higher. The action has been correcting lower since the start of the year but holding above a key support at 0.325. We are now watching for a press up out of contraction and then a setup to build for the entry.

Stock Code : TAW – Tawana Resources

Company Website : www.tawana.com.au

Current Price : 0.405

Status : On watch for buy entry setup