Buyer soaking up the selling pressure looking to continue the trend higher

Potential Buy Entry Alert ATS

 

Time Frame : Daily/Weekly

Sector/Industry Group : Energy

Key Stats : $429.31 Million Market Cap, VWAP 0.485, ASX Ranking 393, 4 Week Av Turnover $441,558.

Company Overview : Australis Oil and Gas Limited (ATS) is seeking opportunities for oil and gas exploration, development and production. The Company has already acquired two initial assets, being the TMS Leases in the USA and the Concessions in Portugal. Australis is pursuing a business strategy the Board believes will enable it to achieve the Company’s objectives.

Broker Consensus : Buy

 

ATS – Australis Oil and Gas Limited

ATS has been good to us in the past and we are now looking for a repeat of the previous rally that booked us some handy gains. The weekly chart is in a prime position as buyers soak up the selling so we are now on watch for a buy entry setup off the higher low.

 

Stock Code : ATS – Australis Oil and Gas Limited

Company Website : www.australisoil.com

Current Price : 0.49

Status : On watch for a buy entry setup