CLA not playing out to plan so time to close the alert

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