Price is primed for buyers to take price up to new highs

New Buy Entry Alert LCK

Time Frame : Daily

Sector : Energy

Key Stats : $158.96 Million Market Cap, VWAP 0.285, ASX Ranking 607, 4 Week Av Turnover $375,271, Current Turnover (Intraday as at time of alert) Closed.

Company Overview : Leigh Creek Energy Limited (LCK, formerly Marathon Resources Limited) is an emerging gas company focused on developing its Leigh Creek Energy Project (LCEP), located in South Australia.

Broker Consensus : BUY

LCK – Leigh Creek Energy Limited

LCK is looking primed and ready for a run to new highs. We can see that the volume has dropped off on the pullback that suggests that current buyers are holding so now we want to see a kick up on volume on a rally to show buyers on the sidelines are jumping into the action. Happy to buy on a push up through 0.32 and will hold the stop loss after entry triggered at 0.27. If price falls down through 0.27 prior to entry then we are happy to cancel the entry and re-assess the action.

Stock Code : LCK – Leigh Creek Energy Limited

Company Website : www.lcke.com.au

Current Price : 0.29

New Buy Entry (Trigger Level) : 0.32

Potential Sell Exit Zone (Stop Loss) : 0.27

Status : On watch for Buy Entry Trigger

Alert History

Previous Alert 14/05/19

Potential Buy Entry Alert to Watch LCK

Time Frame : Daily

Sector : Energy

Key Stats : $158.96 Million Market Cap, VWAP 0.29, ASX Ranking 602, 4 Week Av Turnover $535,818, Current Turnover (Intraday as at time of alert) $253,920.

Company Overview : Leigh Creek Energy Limited (LCK, formerly Marathon Resources Limited) is an emerging gas company focused on developing its Leigh Creek Energy Project (LCEP), located in South Australia.

Broker Consensus : BUY

LCK – Leigh Creek Energy Limited

LCK is putting in the groundwork for another push higher as buyers hold price up above 0.26. Recent news saw the excitement peak at 0.43 and then profit taking push price back down to 0.265 but there has been continued interest from buyers so we expect to see another run higher especially if further positive news comes to market. Watching for the confirmation through a higher low for entry.

Stock Code : LCK – Leigh Creek Energy Limited

Company Website : www.lcke.com.au

Current Price : 0.29

Status : On watch for potential higher low and push up through 0.40

Previous Alert 8/03/19

Potential Buy Entry Alert to Watch LCK

Time Frame : Daily

Sector : Energy

Key Stats : $96.43 Million Market Cap, VWAP 0.195, ASX Ranking 790, 4 Week Av Turnover $718,592, Current Turnover (Intraday as at time of alert) $90,531.

Company Overview : Leigh Creek Energy Limited (LCK, formerly Marathon Resources Limited) is an emerging gas company focused on developing its Leigh Creek Energy Project (LCEP), located in South Australia.

Broker Consensus : BUY

LCK – Leigh Creek Energy Limited

LCK is looking good and setting for a run up into new highs. We can see a big pick up in volume and easing off as price holds the highs around 0.20. We are now watching closely for a minor higher low for the buy entry and run up through 0.24 towards 0.34 highs.

Stock Code : LCK – Leigh Creek Energy Limited

Company Website : www.lcke.com.au

Current Price : 0.20

Status : On watch for potential higher low and push up through 0.24/0.25 zone