Buyers holding highs and building to continue the move higher

Potential Buy Entry Alert to Watch MVF

Time Frame : Daily

Sector : Healthcare Equipment and Services

Key Stats : $326.56 Million Market Cap, VWAP 1.40, ASX Ranking 437, 4 Week Av Turnover $775,325, Current Turnover (Intraday as at time of alert) $108,538.

Company Overview : Monash IVF Group Limited (MVF) operates in the Assisted Reproductive Services, including specialised diagnostics, and ultrasound markets in Australia and Malaysia. In addition, the Group is a significant provider of specialist women’s imaging services.

Broker Consensus : BUY

MVF – Monash Ivf Group Limited

MVF recent pushed up off lows and has spent some time consolidating the highs. We are now on watch to see if the action can continue to find buying interest and push up through 1.50 to target the longer term 2.00 zone. We expect that MVF still has some work to do to convince the buyers but we are watching for higher lows to hold to support the squeeze higher.

Stock Code : MVF – Monash Ivf Group Limited

Company Website : www.monashivfgroup.com.au

Current Price : 1.41

Status : On watch for potential higher low and push up through 1.50