Buyers stepping in to show strength and push price higher

Current Active Alert Management TER

 

TER – TerraCom Limited

TER is making a move today as buyers step in to push price higher. We are now happy to tighten up the risk and raise the stop loss level to 0.48. Watching now for an opportunity to lock in some gains and take a partial exit.

 

Stock Code : TER – TerraCom Limited

Company Website : www.terracomresources.com

Current Price : 0.565

Previous Buy Entry Level (Trigger Level) : 0.52

New Sell Exit Zone (Stop Loss) : 0.48

Status : On watch for continuation higher

 

 


Original Alert 17/8/18

New Buy Entry Alert TER

 

Time Frame : Daily/Weekly

Sector : Energy/Basic Materials

Key Stats : $179.83 Million Market Cap, VWAP 0.485, ASX Ranking 594, 4 Week Av Turnover $243,904.

Company Overview : TerraCom Limited (TER, formerly Guildford Coal Limited) is a new miner with a portfolio of projects in the coal bearing regions of Mongolia, Central Asia and Queensland, Australia. TerraCom’s subsidiary in Mongolia, Terra Energy, has 2 projects located in the coal bearing regions of the South Gobi and Middle Gobi.

Broker Consensus : None

 

TER – TerraCom Limited

TER is on the way up as buyers step in at higher levels. We are happy to buy on a push up through 0.52 and will hold the stop loss at 0.44. If price pushes down through 0.44 prior to entry then we will cancel the entry and re-assess the action.

 

Stock Code : TER – TerraCom Limited

Company Website : www.terracomresources.com

Current Price : 0.495

New Buy Entry Level (Trigger Level) : 0.52

Potential Sell Exit Zone (Stop Loss) : 0.44

Status : On watch for a buy entry trigger