Buyers strong today as they chew through the sellers looking for new highs

Alert History

Original Alert 10/05/19

Current Active Alert Management GOR

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

GOR – Gold Road Resources Limited

GOR is looking strong as buyers hold a higher low and chew through the sellers. We are happy to raise the risk level and move the stop loss up to 0.98. Watching for a strong finish today and the 1.05 level to break. Once we see the level broken, expect to see a strong run up and an opportunity to lock in some gains.

Stock Code : GOR – Gold Road Resources Limited

Company Website : www.goldroad.com.au

Current Price : 1.05

Previous Potential Buy Entry (Trigger Level) : 0.97

New Sell Exit Zone (Stop Loss) : 0.98

Status : On watch for continuation and Partial Exit opportunity

Alert History

Previous Alert 10/05/19

Buyers push price up into the close to trigger the buy entry level at 0.97 so the alert is now active. The current price is at 0.985 and the Stop Loss is held at 0.905.

Original Alert 10/05/19

New Buy Entry Alert GOR

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $834.08 Million Market Cap, VWAP 0.945, ASX Ranking 261, 4 Week Av Turnover $1,055,745, Current Turnover (Intraday as at time of alert) $392,003.

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

GOR – Gold Road Resources Limited

GOR is primed for a spike to new highs as buyers hold higher levels. We are happy to buy on a push up through 0.97 and will hold a stop loss at 0.905. If price pushes down through 0.905 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : GOR – Gold Road Resources Limited

Company Website : www.goldroad.com.au

Current Price : 0.95

New Potential Buy Entry (Trigger Level) : 0.97

Potential Sell Exit Zone (Stop Loss) : 0.905

Status : On watch for buy entry trigger