Buyers push price higher to trigger the buy entry level

Buyers push price higher to trigger the buy entry level at 0.43 so the alert is now active. The stop loss is held at 0.375 and the price is currently trading at 0.43.

Original Alert 6/03/19

New Buy Entry Alert CVN

Time Frame : Daily

Sector : Energy

Key Stats : $543.8 Million Market Cap, VWAP 0.41, ASX Ranking 337, 4 Week Av Turnover $1,413,229, Current Turnover (Intraday as at time of alert) $292,807.

Company Overview : Carnarvon Petroleum Limited (CVN) is an oil and gas exploration company focused on the North West Shelf of Western Australia.

Broker Consensus : BUY

CVN – Carnarvon Petroleum Limited

CVN is showing some good signs of holding a higher low around the 0.40 zone so we are now watching for an opportunity to jump on board. Happy to buy on a push up through 0.43 and hold a stop loss at 0.375. If price falls below 0.375 prior to entry, will cancel the alert and re-assess the action.

Stock Code : CVN – Carnarvon Petroleum Limited

Company Website : www.carnarvon.com.au

Current Price : 0.41

New Potential Buy Entry (Trigger Level) : 0.43

Potential Sell Exit Zone (Stop Loss) : 0.375

Status : On watch for buy entry trigger