Positive news sees buyers step in so time to get on board

New Buy Entry Alert OZL

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $2.99 Billion Market Cap, VWAP 9.362, ASX Ranking 126, 4 Week Av Turnover $23,027,727, PE 9.9, Div Yield 2.38%.

Company Overview : OZ Minerals Limited (OZL) is an Australian based mining company with a focus on copper. OZL owns and operates the Prominent copper-gold mine and the Carrapateena copper-gold mines in South Australia.

Broker Consensus : BUY

 

OZL – Oz Minerals Limited

OZL is showing strong signs of continuing higher after a positive drilling update was taken well by traders. We are now happy to jump on board for a ride up if price pushes through 9.50 and will hold the stop loss at 8.85. If price pushes below 8.85, then we will cancel the buy entry and re-assess the action.

 

Stock Code : OZL – Oz Minerals Limited

Company Website : www.ozminerals.com

Current Price : 9.43

New Buy Entry Level (Trigger Level) : 9.50

Potential Sell Exit Zone (Stop Loss) : 8.85

Status : On watch for a buy entry trigger