Buyers are patient but may soon be rewarded as price holds higher levels

Potential Buy Entry Alert to Watch AVH

Time Frame : Daily/Weekly

Sector : Pharmaceuticals/Healthcare

Key Stats : $739.16 Million Market Cap, VWAP 0.405, ASX Ranking 298, 4 Week Av Turnover $1,074,004, Current Turnover (Intraday as at time of alert) $1,453,267.

Company Overview : Avita Medical Ltd (AVH) is a medical technology company that develops and distributes regenerative and tissue-engineered products for the treatment of wounds, scars and skin defects. The company’s products includes regenerative medicine products (ReCell Autologous Spray-On-Skin), ReGenercell and Renovacell.

Broker Consensus : BUY

AVH – Avita Medical Limited

AVH is showing buying interest as price consolidates the highs after the recent run up from 0.15 to the 0.50 zone. The action suggests that there is more to come for the move up but price still has some work to do. We are watching for a lift in volume as higher lows hold above 0.375 and then a break up out of the contraction to new highs. Watching the action from the sidelines for now.

Stock Code : AVH – Avita Medical Limited

Company Website : www.avitamedical.com

Current Price : 0.425

Status : On watch for potential higher low and push up through 0.55