Time to lock away some gains as buyers lift price higher

Current Active Alert Management KAR

KAR – Karoon Energy Limited

KAR is on the march up towards all time highs so time to lock away a partial gain into strength. Price is getting extended so may run out of gas and pullback to reset so we are happy to lock away some gains at 1.34. The Stop Loss will remain at 1.10 for now and will be re-assessed later.

Stock Code : KAR – Karoon Energy Limited

Current Price : 1.32

Previous Potential Buy Entry (Trigger Level) : 1.125

Sell Exit Zone (Stop Loss/Cancel Level) : 1.10

New 50% Partial Exit Zone (Partial Target) : 1.34

Status : On watch for continuation higher

Alert History

Previous Alert 6/01/20

Current Active Alert Management KAR

Time Frame : Daily/Weekly

Sector : Energy

Broker Consensus : BUY

KAR – Karoon Energy Limited

KAR buyers continue the march higher pushing through minor resistance levels and holding higher levels. Happy now to raise the risk level and move the stop loss up from 1.01 to 1.10. Watching now for a potential partial exit opportunity to lock away some gains.

Stock Code : KAR – Karoon Energy Limited

Company Website : www.karoonenergy.com

Current Price : 1.24

Previous Potential Buy Entry (Trigger Level) : 1.125

New Sell Exit Zone (Stop Loss/Cancel Level) : 1.10

Status : On watch for continuation higher

Previous Alert 23/12/19

Current Active Alert Management KAR

Time Frame : Daily/Weekly

Sector : Energy

Broker Consensus : BUY

KAR – Karoon Energy Limited

KAR buyers launch price higher today on the back of a positive news release. A good lift in volume should support an extended move higher so watching to see how price reacts around the 1.20 zone. I expect that the move up will push straight through 1.20 and start to test higher levels so will be watching for the opportunity to take a partial exit and lock away some gains.

Stock Code : KAR – Karoon Energy Limited

Company Website : www.karoonenergy.com

Current Price : 1.14

Previous Potential Buy Entry (Trigger Level) : 1.125

Sell Exit Zone (Stop Loss/Cancel Level) : 1.01

Status : On watch for continuation higher

Previous Alert 29/11/19

KAR buyers push price higher to trigger the Buy Entry Level at 1.125 so the alert is now active. The Stop Loss is Held at 1.01 and the current price is trading at 1.12.

Original Buy Entry Alert 29/11/19

New Buy Entry Alert KAR

Time Frame : Daily/Weekly

Sector : Energy

Key Stats : $586.08 Million Market Cap, VWAP 1.09, ASX Ranking 348, 4 Week Av Turnover $5,509,193, Current Turnover (Intraday as at time of alert) $2,212,027 (11:50am).

Company Overview : Karoon Energy Ltd (KAR, formerly Karoon Gas Australia Limited) is an Australian oil and gas exploration company operating in Australia, Brazil and Peru. KAR currently has 5 projects, the producing Browse Basin offshore gas reservoirs and the North Carnarvon Basin (Australia), the Tumbles and Maranon Basins (Peru) and Santos Basin (Brazil).

Broker Consensus : BUY

KAR – Karoon Energy Limited

KAR is holding up above 1.00 with increased volume so we expect the buying pressure to continue. We are now happy to buy on a push up through 1.125 with a Stop Loss at 1.01. If price falls below 1.01 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : KAR – Karoon Energy Limited

Company Website : www.karoonenergy.com

Current Price : 1.09

New Potential Buy Entry (Trigger Level) : 1.125

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.01

Status : On watch for Buy Entry Trigger