Buyers are on the march so time to look to get on board

New Buy Entry Alert MPH

Time Frame : Daily

Sector : Retailing/Consumer Cyclical

Key Stats : $125.11 Million Market Cap, VWAP 0.385, ASX Ranking 685, 4 Week Av Turnover $95,157.

Company Overview : Mediland Pharm Limited (MPH) operates retail outlets that service inbound Chinese visitors that come to Australia via organised tours arranged under the ADS scheme. The Company estimates that its three retail outlets had approximately 50,000 Chinese visitors in the 12 months to 30 June 2018, almost all of which come to Australia via organised tours.

Broker Consensus : Not covered by a major broker

MPH – Mediland Pharm Limited

MPH is building nicely as recent increase in volume and a pop higher suggests that buyers are on the move. We are now happy to buy on a push up through 0.415 and will hold the stop loss at 0.36. If price pushes lower through 0.36 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : MPH – Mediland Pharm Limited

Company Website : www.medilandpharm.com.au

Current Price : 0.40

New Potential Buy Entry (Trigger Level) : 0.415

Potential Sell Exit Zone (Stop Loss) : 0.36

Status : On watch for buy entry trigger