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New Buy Entry Alert GOR
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $1.01 Billion Market Cap, VWAP 1.16, ASX Ranking 255, 4 Week Av Turnover $4,955,936, Current Turnover (Intraday as at time of alert) $1,893,658.
Company Overview : Gold Road Resources Limited (GOR) is a gold exploration Company which owns tenements covering over 5,000sqkm of the Yamarna greenstone belt in WA. The Company currently develops project areas, namely, Gruyere and the Golden Highway.
Broker Consensus : BUY
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GOR – Gold Road Resources Limited
GOR is holding off recent lows as buyers step up to the plate. We expect to see the the action pick up into Gold and Aussie gold also as the AUDUSD comes under pressure from potential further rate cuts. We are now happy to buy on a push up through 1.215 with a Stop Loss at 1.09. If price falls below 1.09 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : GOR – Gold Road Resources Limited
Company Website : www.goldroad.com.au
Current Price : 1.155
New Potential Buy Entry (Trigger Level) : 1.215
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.09
Status : On watch for Buy Entry Trigger
