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KAR buyers push price higher to trigger the Buy Entry Level at 1.125 so the alert is now active. The Stop Loss is Held at 1.01 and the current price is trading at 1.12.
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Alert History
Original Buy Entry Alert 29/11/19
New Buy Entry Alert KAR
Time Frame : Daily/Weekly
Sector : Energy
Key Stats : $586.08 Million Market Cap, VWAP 1.09, ASX Ranking 348, 4 Week Av Turnover $5,509,193, Current Turnover (Intraday as at time of alert) $2,212,027 (11:50am).
Company Overview : Karoon Energy Ltd (KAR, formerly Karoon Gas Australia Limited) is an Australian oil and gas exploration company operating in Australia, Brazil and Peru. KAR currently has 5 projects, the producing Browse Basin offshore gas reservoirs and the North Carnarvon Basin (Australia), the Tumbles and Maranon Basins (Peru) and Santos Basin (Brazil).
Broker Consensus : BUY
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KAR – Karoon Energy Limited
KAR is holding up above 1.00 with increased volume so we expect the buying pressure to continue. We are now happy to buy on a push up through 1.125 with a Stop Loss at 1.01. If price falls below 1.01 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : KAR – Karoon Energy Limited
Company Website : www.karoonenergy.com
Current Price : 1.09
New Potential Buy Entry (Trigger Level) : 1.125
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.01
Status : On watch for Buy Entry Trigger
