Buyers are building and primed for a move into new highs

New Buy Entry Alert EOF

Time Frame : Daily

Sector : Pharmaceuticals/Healthcare

Key Stats : $360.19 Million Market Cap, VWAP 3.159, ASX Ranking 420, 4 Week Av Turnover $604,878, Current Turnover (Intraday as at time of alert) $297,388.

Company Overview : Ecofibre Limited (EOF) is focused on selectively owning or controlling specific parts of the hemp value chain, in targeted geographies. EOF sells hemp-based products to consumers, wholesalers and manufacturers. EOF owns diverse collections of genetics with over 300 land races of cannabis from over 25 countries.

Broker Consensus : Not covered by a major broker

EOF – Ecofibre Limited

EOF is building as buyers start to step in at higher prices and look primed and ready for a run up to new highs. We are happy to buy on a push up through 3.305 with a Stop Loss at 2.99. If price falls below 2.99 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : EOF – Ecofibre Limited

Company Website : www.ecofibre.com

Current Price : 3.16

New Buy Entry (Trigger Level) : 3.305

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 2.99

Status : On watch for Buy Entry Trigger