Buyers push price up through resistance so raising the risk level

Current Active Alert Trade Management 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 has today pushed up through minor resistance so should see some increased buying interest as price guns for new highs. We are happy to raise the risk level up to 0.41 and sit back to watch the action and look for a partial exit opportunity.

Stock Code : CVN – Carnarvon Petroleum Limited

Company Website : www.carnarvon.com.au

Current Price : 0.475

Previous Potential Buy Entry (Trigger Level) : 0.43

New Sell Exit Zone (Stop Loss) : 0.41

Status : On watch for continuation and partial exit

Alert History

Previous Alert 7/03/19

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