Buyers on the march higher as Gold continues to look to new highs

New Buy Entry Alert DCN

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $267.82 Billion Market Cap, VWAP 1.22, ASX Ranking 488, 4 Week Av Turnover $4,936,478, Current Turnover (Intraday as at time of alert) $462,551.

Company Overview : Dacian Gold Limited (DCN) is a gold exploration and development company, in Perth, Western Australia. DCN owns Mount Morgans Gold Project in the North-Eastern Goldfields region.

Broker Consensus : BUY/HOLD

DCN – Dacian Gold Limited

DCN is on the move up after a recent selloff as buyers continue to step into the action searching for a bargain. With the continued bullish sentiment into Gold we expect the move up to be supported. Happy to buy at 1.255 with a Stop Loss at 1.10. If price falls below 1.10 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : DCN – Dacian Gold Limited

Company Website : www.daciangold.com.au

Current Price : 1.22

New Potential Buy Entry (Trigger Level) : 1.255

Potential Sell Exit Zone (Stop Loss) : 1.10

Status : On watch for Buy Entry Trigger