Buyers poised to come back into the action and continue the trend higher

New Buy Entry Alert EAR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $118.45 Million Market Cap, VWAP 0.22, ASX Ranking 719, 4 Week Av Turnover $368,208, Current Turnover (Intraday as at time of alert) $185,087.

Company Overview : Echo Resources Limited (EAR) is a gold, copper, and nickel exploration company. EAR’s key project is Yandal Gold Project in Western Australia.

Broker Consensus : BUY

EAR – Echo Resources Limited

EAR has pulled back off the highs around 0.27 and is now in a prime zone to continue the trend higher on increased volume. We are happy to buy on a push up through 0.24 and will hold a stop loss at 0.20. If price pushes down through 0.20 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : EAR – Echo Resources Limited

Company Website : www.echoresources.com.au

Current Price : 0.22

New Potential Buy Entry (Trigger Level) : 0.24

Potential Sell Exit Zone (Stop Loss) : 0.20

Status : On watch for buy entry trigger