Price starts to move higher as buyers step up so time to raise the risk level

Buyers in DCG are applying the pressure to take price higher so we are happy now to raise the risk level and move the Stop Loss to 0.91 from 0.80, just above the previous Buy Entry Level at 0.90. Wathing now for continuation higher and a chance to lock in some gains.

Alert History

Previous Alert 18/03/19

Buyers jump into DCG on the open to trigger the Buy Entry Level at 0.90 so the alert is now active. The Stop Loss is held at 0.80 and the current market is trading at 0.91.

Original Alert 15/03/19

New Buy Entry Alert DCG

Time Frame : Daily

Sector : Capital Goods/Industrials

Key Stats : $207.22 Million Market Cap, VWAP 0.865, ASX Ranking 568, 4 Week Av Turnover $579,781, Current Turnover (Intraday as at time of alert) $459,844.

Company Overview : Decmil Group Limited (DCG) offers a diversified range of services to the Australian resources and infrastructure industries. The DGL within the group specialise in design, civil engineering and construction; accommodation services; mechanical fabrication and maintenance.

Broker Consensus : BUY

DCG – Decmil Group Limited

DCG has had some recent good news on contract wins in WA so buyers are stepping up the pressure. Happy to buy on a push up through 0.90 and hold a stop loss at 0.80. If price falls below 0.80 prior to entry, will cancel the alert and re-assess the action.

Stock Code : DCG – Decmil Group Limited

Company Website : www.decmil.com.au

Current Price : 0.875

New Potential Buy Entry (Trigger Level) : 0.90

Potential Sell Exit Zone (Stop Loss) : 0.80

Status : On watch for buy entry trigger

This image has an empty alt attribute; its file name is DCG-1024x523.jpg