Closing out the remaining alert on TAW as price is running out of steam.
Current market price is trading at 0.39 so we are happy to close at market and call it a day.
We expected to see buyers step in after the news out yesterday but sellers took control hinting at a lack out buyers left on the sidelines. As the market is looking stretched and heavy, we can close out and re-assess the action for another potential buying opportunity.
Previous Alert 28/11/17
TAW – Tawana Resources
TAW released some positive news today that gave price a kick up on the open. We are taking the opportunity to raise the risk level to lock in some further gains but still want to give the alert room to move up as buyers continue to jump in.
Stock Code : TAW – Tawana Resources
Company Website : www.tawana.com.au
Current Price : 0.42
Previous Buy Entry (Trigger Level) : 0.255
New Sell Exit Zone (Stop Loss) : 0.37
Previous 50% Partial Exit Zone (Target) : 0.375
Status : On watch for continuation higher
PREVIOUS ALERT 8/11/17
TAW – Tawana Resources
TAW is still going along strong as we see buyers take price back up through 0.40. The levels off interest for us now are 0.45 and up to 0.51 as we expect to see some reaction. We can only sit back ow and watch the action to see whether we get another chance to lock in some gains. We are happy to raise the risk level to 0.325.
Stock Code : TAW – Tawana Resources
Company Website : www.tawana.com.au
Current Price : 0.41
Previous Buy Entry (Trigger Level) : 0.255
New Sell Exit Zone (Stop Loss) : 0.325
Previous 50% Partial Exit Zone (Target) : 0.375
Status : On watch for continuation higher
ORIGINAL ALERT 11/9/17
Stock : TAW – Tawana Resources
Current Price : 0.23
New Buy Entry (Trigger Level) : 0.25
Potential Sell Exit Zone (Stop Loss) : 0.19
Status : On watch for buy entry trigger
TAW is holding some very nice price structure and ready to kick higher. We are now on watch for price to trigger the entry level and push up out of contraction to continue the move higher. If price pushes down through 0.19 prior to entry, then we will re-assess the price action.
