Buyers are on the move as price action head higher

New Buy Entry Alert TER

 

Time Frame : Daily/Weekly

Sector : Energy/Basic Materials

Key Stats : $179.83 Million Market Cap, VWAP 0.485, ASX Ranking 594, 4 Week Av Turnover $243,904.

Company Overview : TerraCom Limited (TER, formerly Guildford Coal Limited) is a new miner with a portfolio of projects in the coal bearing regions of Mongolia, Central Asia and Queensland, Australia. TerraCom’s subsidiary in Mongolia, Terra Energy, has 2 projects located in the coal bearing regions of the South Gobi and Middle Gobi.

Broker Consensus : None

 

TER – TerraCom Limited

TER is on the way up as buyers step in at higher levels. We are happy to buy on a push up through 0.52 and will hold the stop loss at 0.44. If price pushes down through 0.44 prior to entry then we will cancel the entry and re-assess the action.

 

Stock Code : TER – TerraCom Limited

Company Website : www.terracomresources.com

Current Price : 0.495

New Buy Entry Level (Trigger Level) : 0.52

Potential Sell Exit Zone (Stop Loss) : 0.44

Status : On watch for a buy entry trigger