Buyers starting to protect higher levels as sellers run out of steam

Potential Buy Entry Alert to Watch EAR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $87.91 Million Market Cap, VWAP 0.17, ASX Ranking 812, 4 Week Av Turnover $182,369, Current Turnover (Intraday as at time of alert) $221,553.

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 is showing some solid signs that the buying is picking up after a push up off the 10 cent zone. The pullback from 0.20 is starting to find buying interest at a higher level to we are now watching for a higher low to hold above 0.145. There still may be some work to do from the buyers but its on the watchlist.

Stock Code : EAR – Echo Resources Limited

Company Website : www.echoresources.com.au

Current Price : 0.17

Status : On watch for potential higher low and move through 0.20