Buyers are holding their ground and laying the foundations for a move up

Potential Buy Entry Alert to Watch CVN

Time Frame : Daily

Sector : Energy

Key Stats : $434.76 Million Market Cap, VWAP 0.36, ASX Ranking 376, 4 Week Av Turnover $435,272, Current Turnover (Intraday as at time of alert) $289,228.

Company Overview : Carnarvon Petroleum Limited (CVN) is an oil and gas exploration company focused on the North West Shelf of Western Australia.

Broker Consensus : BUY

CVN – Carnarvon Petroleum Limited

CVN is holding the 0.36 zone and consolidating off the 0.30 level since the previous alert. We see the potential for this consolidation to give fresh buyers the confidence on a potential break up through 0.38. We now want to see a pick up in volume and a squeeze through the highs to lock to get involved in the action.

Stock Code : CVN – Carnarvon Petroleum Limited

Company Website : www.carnarvon.com.au

Current Price : 0.36

Status : On watch for potential higher low and buy opportunity

Previous Alert 15/01/19

Potential Buy Entry Alert to Watch CVN

Time Frame : Daily

Sector : Energy

Key Stats : $422.85 Million Market Cap, VWAP 0.36, ASX Ranking 382, 4 Week Av Turnover $384,587, Current Turnover (Intraday as at time of alert) $310,538.

Company Overview : Carnarvon Petroleum Limited (CVN) is an oil and gas exploration company focused on the North West Shelf of Western Australia.

Broker Consensus : BUY

CVN – Carnarvon Petroleum Limited

CVN lifted off key support as buyers interest perks up and kicks price higher. We see the longer term chart is in a prime position for buyers to start the march higher. Watching the action for a higher low to build ideally after price kicks up through 0.40, when we expect to see stronger buying jump into the action.

Stock Code : CVN – Carnarvon Petroleum Limited

Company Website : www.carnarvon.com.au

Current Price : 0.365

Status : On watch for potential higher low and buy opportunity