CLA not working out to plan as sellers pile in to push price lower.
We are happy to close the alert at 0.21 and take a small loss to re-assess from the sidelines.
If price action finds support and begins a new leg up then we may be happy to look for a re-entry.
Original Alert 18/5/18
New Buy Entry Alert CLA
Time Frame : Daily
Key Stats : $128.43 Million Market Cap, Div Yield N/A and Market PE Ratio of 17.20, VWAP 0.195.
CLA – Celsius Resources Limited
CLA has been holding higher lows as buyers step in to soak up the selling pressure ready for a new leg up. We are happy to buy on a push up through 0.215 and will hold the stop loss at 0.18. If price pushes below 0.18 prior to entry then we will re-assess the alert.
Stock Code : CLA – Celsius Reousces Limited
Company Website : www.celsiusresources.com.au
Current Price : 0.20
New Buy Entry (Trigger Level) : 0.215
Potential Sell Exit Zone (Stop Loss) : 0.18
Status : On watch for buy entry trigger