Potential Buy Entry Alert NCZ

Time Frame : Daily

Sector : Materials/Industrial Metals and Minerals

Key Stats : $682.88 Million Market Cap, VWAP 1.375, ASX Ranking 294

Company Overview : New Century Resources Limited (NCZ) is a mineral exploration company based in Subiaco, Western Australia. NCZ focuses on the Kodiak Coking Coal Project in Alabama, USA.

NCZ – New Century Resources Limited

NCZ has been consolidating since October last year and has recently confirmed the 1./1.05 support zone. We see that price has recently run up on the back of some positive news but still has some work to do. We are now on watch for a pullback and a higher low to build that evidence that buyers are ready to move price up to new highs.

Stock Code : NCZ – New Century Resources Limited

Company Website : www.newcenturyresources.com

Current Price : 1.365

Status : On watch for higher low and buy entry setup to build