Buyers soaking up the selling pressure as they ready for a run up

Potential Buy Entry Alert to Watch OGC

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $2.87 Billion Market Cap, VWAP 4.763, ASX Ranking 131, 4 Week Av Turnover $2,194,763, Current Turnover (Intraday as at time of alert) $410,719.

Company Overview : OceanaGold Corporation Limited (OGC) is a gold producer with a portfolio of operating, development and exploration assets. OGC’s assets are located on the South Island of New Zealand and in northern Philippines.

Broker Consensus : Not covered by a major broker

OGC – Oceanagold Corporation

OGC has recently come under a bit of selling pressure but the buyers are holding up well and looking to protect higher levels. We are now watching for minor contraction but higher lows to build above 4.25 for confirmation that buyers are taking control. If the ideal action plays out then its all about the setup and risk.

Stock Code : OGC – Oceanagold Corporation

Company Website : www.oceanagold.com

Current Price : 4.76

Status : On watch for potential higher low and push up through 5.30 highs