Buyers feeling the squeeze from sellers but starting to fight back

Potential Buy Entry Alert AMI

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $462.18 Million Market Cap, VWAP 0.535, ASX Ranking 368, 4 Week Av Turnover $1,411,366.

Company Overview : Aurelia Metals Limited (AMI) is an exploration and mineral development company based in Orange NSW. The Company’s focus is the development and ongoing exploration of the Hera-Nymagee Project, which includes the high grade gold and base metal Hera deposit and the emerging high-grade copper discovery at the nearby Nymagee copper deposit.

 

AMI – Aurelia Metals Limited

AMI sellers are still in the process of squeezing out late buyers as price action contracts lower. We see the 0.50 level was rejected so we are now on watch for a higher low to build to drag back in buyers for a move up. Watching now for a buy entry setup.

 

Stock Code : AMI – Aurelia Metals Limited

Company Website : www.aureliametals.com.au

Current Price : 0.527

Status : On watch for a buy entry setup