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Current Active Alert Management KAR
Time Frame : Daily/Weekly
Sector : Energy
Broker Consensus : BUY
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KAR – Karoon Energy Limited
KAR buyers continue the march higher pushing through minor resistance levels and holding higher levels. Happy now to raise the risk level and move the stop loss up from 1.01 to 1.10. Watching now for a potential partial exit opportunity to lock away some gains.
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Stock Code : KAR – Karoon Energy Limited
Company Website : www.karoonenergy.com
Current Price : 1.24
Previous Potential Buy Entry (Trigger Level) : 1.125
New Sell Exit Zone (Stop Loss/Cancel Level) : 1.10
Status : On watch for continuation higher
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Alert History
Previous Alert 23/12/19
Current Active Alert Management KAR
Time Frame : Daily/Weekly
Sector : Energy
Broker Consensus : BUY
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KAR – Karoon Energy Limited
KAR buyers launch price higher today on the back of a positive news release. A good lift in volume should support an extended move higher so watching to see how price reacts around the 1.20 zone. I expect that the move up will push straight through 1.20 and start to test higher levels so will be watching for the opportunity to take a partial exit and lock away some gains.
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Stock Code : KAR – Karoon Energy Limited
Company Website : www.karoonenergy.com
Current Price : 1.14
Previous Potential Buy Entry (Trigger Level) : 1.125
Sell Exit Zone (Stop Loss/Cancel Level) : 1.01
Status : On watch for continuation higher
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Previous Alert 29/11/19
KAR buyers push price higher to trigger the Buy Entry Level at 1.125 so the alert is now active. The Stop Loss is Held at 1.01 and the current price is trading at 1.12.
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Original Buy Entry Alert 29/11/19
New Buy Entry Alert KAR
Time Frame : Daily/Weekly
Sector : Energy
Key Stats : $586.08 Million Market Cap, VWAP 1.09, ASX Ranking 348, 4 Week Av Turnover $5,509,193, Current Turnover (Intraday as at time of alert) $2,212,027 (11:50am).
Company Overview : Karoon Energy Ltd (KAR, formerly Karoon Gas Australia Limited) is an Australian oil and gas exploration company operating in Australia, Brazil and Peru. KAR currently has 5 projects, the producing Browse Basin offshore gas reservoirs and the North Carnarvon Basin (Australia), the Tumbles and Maranon Basins (Peru) and Santos Basin (Brazil).
Broker Consensus : BUY
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KAR – Karoon Energy Limited
KAR is holding up above 1.00 with increased volume so we expect the buying pressure to continue. We are now happy to buy on a push up through 1.125 with a Stop Loss at 1.01. If price falls below 1.01 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : KAR – Karoon Energy Limited
Company Website : www.karoonenergy.com
Current Price : 1.09
New Potential Buy Entry (Trigger Level) : 1.125
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.01
Status : On watch for Buy Entry Trigger
