Buyers holding up well under selling pressure as they ready the march up

Potential Buy Entry Alert to Watch TER

Time Frame : Daily/Weekly

Sector : Energy/Basic Materials

Key Stats : $246.13 Million Market Cap, VWAP 0.61, ASX Ranking 507, 4 Week Av Turnover $161,108, Current Turnover (Intraday as at time of alert) $204,116.

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 : BUY

TER – Terracom Limited

TER buyers are putting in the groundwork to build a move up into new highs. We see the potential for buyers to continue to hold higher levels and push price up through 0.65 where we will be watching closely for a higher low and buy entry.

Stock Code : TER – Terracom Limited

Company Website : www.terracomresources.com

Current Price : 0.63

Status : On watch for potential higher low and push up through 0.80