Buyers on the march higher so time to lock away some gains

Current Active Alert Management DCN

Time Frame : Daily/Weekly

Broker Consensus : BUY/HOLD

DCN – Dacian Gold Limited

DCN has kicked higher so on watch now to lock away some gains and raise the remaining risk level. Happy to lock away some gains just below the previous high at 1.42. Also moving the Stop Loss to 1.20 to tighten up the risk level. Ideally we want to lock away some gains by the end of the day above 1.40, so we will watch into the close.

Stock Code : DCN – Dacian Gold Limited

Company Website : www.daciangold.com.au

Current Price : 1.40

Previous Buy Entry (Trigger Level) : 1.255

New Sell Exit Zone (Stop Loss) : 1.20

Potential 50% Partial Exit (Partial Target) : 1.42

Status : On watch for continuation higher and partial exit

Alert History

Previous Alert 4/09/19

DCN opened at 1.27 to trigger the buy entry so the alert is now active The Stop Loss is held at 1.10 and the current market is trading at 1.275.

Previous Alert 4/09/19

DCN is expected to open strong after a solid rally into Gold overnight. The current match is 1.25 just below the Buy Trigger Level at 1.255. We are happy to buy up to 1.27 but will wait if price gaps higher.

Original Alert 28/08/19

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