Buyers step up the pressure as positive news sees price rally

Potential Buy Entry Alert LCK

 

Time Frame : Daily/Weekly

Sector : Energy/Oil and Gas

Key Stats : $80.16 Million Market Cap, VWAP 0.19, ASX Ranking 866, 4 Week Av Turnover $89,602, Current Turnover (Intraday) $197,436.

Company Overview : Leigh Creek Energy Limited (LCK, formerly Marathon Resources Limited) is an emerging gas company focused on developing its Leigh Creek Energy Project (LCEP), located in South Australia

Broker Consensus : BUY

 

LCK – Leigh CRK Energy Limited

LCK has had some position news released to the market today that has seen buyers step up the pressure. We like the long term price structure as higher levels are supported. Watching now for a push through 0.20 and then a higher low to build the entry setup.

 

Stock Code : LCK – Leigh CRK Energy Limited

Company Website : www.lcke.com.au

Current Price : 0.195

Status : On watch for a buy entry setup