TRADESETUP

March 26, 2019

Buyers struggling to push price higher so locking in final gains

Closed Alerts

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CVN is struggling at the 0.47 zone and has come under selling pressure through 0.44 so we are happy to close the alert at 0.435 and call it a day to lock in the final gains.

Alert History

Previous Alert 22/03/19

Current Active Alert Trade Management CVN

Time Frame : Daily

Sector : Energy

Broker Consensus : BUY

CVN – Carnarvon Petroleum Limited

CVN is struggling to kick higher as the action lacks the buying pressure that we would prefer to see. We are happy now to lock in a partial exit at 0.465 (offer price) to lock in some gains. Also, happy to raise the stop loss level to 0.43 (entry price) below the recent higher low as price is stretched up at resistance around 0.47.

Stock Code : CVN – Carnarvon Petroleum Limited

Company Website : www.carnarvon.com.au

Current Price : 0.465

Previous Potential Buy Entry (Trigger Level) : 0.43

New Sell Exit Zone (Stop Loss) : 0.43

New 50% Partial Exit Level (Target) : 0.465

Status : On watch for continuation and partial exit

Alert History

Previous Alert 19/03/19


Current Active Alert Trade Management CVN

Time Frame : Daily

Sector : Energy

Key Stats : $543.8 Million Market Cap, VWAP 0.41, ASX Ranking 337, 4 Week Av Turnover $1,413,229, Current Turnover (Intraday as at time of alert) $292,807.

Company Overview : Carnarvon Petroleum Limited (CVN) is an oil and gas exploration company focused on the North West Shelf of Western Australia.

Broker Consensus : BUY

CVN – Carnarvon Petroleum Limited

CVN has today pushed up through minor resistance so should see some increased buying interest as price guns for new highs. We are happy to raise the risk level up to 0.41 and sit back to watch the action and look for a partial exit opportunity.

Stock Code : CVN – Carnarvon Petroleum Limited

Company Website : www.carnarvon.com.au

Current Price : 0.475

Previous Potential Buy Entry (Trigger Level) : 0.43

New Sell Exit Zone (Stop Loss) : 0.41

Status : On watch for continuation and partial exit

Alert History

Previous Alert 7/03/19

Buyers push price higher to trigger the buy entry level at 0.43 so the alert is now active. The stop loss is held at 0.375 and the price is currently trading at 0.43.

Original Alert 6/03/19

New Buy Entry Alert CVN

Time Frame : Daily

Sector : Energy

Key Stats : $543.8 Million Market Cap, VWAP 0.41, ASX Ranking 337, 4 Week Av Turnover $1,413,229, Current Turnover (Intraday as at time of alert) $292,807.

Company Overview : Carnarvon Petroleum Limited (CVN) is an oil and gas exploration company focused on the North West Shelf of Western Australia.

Broker Consensus : BUY

CVN – Carnarvon Petroleum Limited

CVN is showing some good signs of holding a higher low around the 0.40 zone so we are now watching for an opportunity to jump on board. Happy to buy on a push up through 0.43 and hold a stop loss at 0.375. If price falls below 0.375 prior to entry, will cancel the alert and re-assess the action.

Stock Code : CVN – Carnarvon Petroleum Limited

Company Website : www.carnarvon.com.au

Current Price : 0.41

New Potential Buy Entry (Trigger Level) : 0.43

Potential Sell Exit Zone (Stop Loss) : 0.375

Status : On watch for buy entry trigger

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