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Potential Buy Entry Alert to Watch ALC
Time Frame : Daily/Weekly
Sector : Healthcare Equipment and Services
Key Stats : $227.86 Million Market Cap, VWAP 0.225, ASX Ranking 565, 4 Week Av Turnover $550,813, Current Turnover Intraday $524,131 (11:58am AEDT).
Company Overview : Alcidion Group Limited (ALC, formerly Naracoota Resources Limited) is engaged in the development and licensing of its own healthcare software products (Miya, Patientrack and Smartpage), the reselling of selected healthcare software products from its strategic partners and the delivery of product implementation, product support and maintenance, systems integration and data analysis services to healthcare customers in Australia, New Zealand and the UK.
Broker Consensus : Not covered by a major broker
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ALC – Alcidion Group Limited
ALC is finding some buying interest as price holds up above 0.20 at higher levels. We see that buyers are not yet ready to run price higher so will be watching for the old trusty higher low accompanied by volume to set up the entry. Expect some heat to come out of the action before buyers lift the offer and start the ramp (Refer to Chart).
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Stock Code : ALC – Alcidion Group Limited
Company Website : www.alcidion.com
Current Price : 0.22
Status : On watch for potential higher low and push up through 0.25
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