Buyers jumping on board for the ride higher

Potential Buy Entry Alert PET

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $221.25 Million Market Cap, VWAP 0.45, ASX Ranking 544, 4 Week Av Turnover $216,429, Current Turnover (Intraday as at time of alert) $597,118.

Company Overview : Phoslock Environmental Technologies Limited (PET, formerly Phoslock Water Solutions Limited) provides water technologies and solutions for lake restoration, reservoir managements and water quality management in storm water ponds.

Broker Consensus : NONE

 

PET – Phoslock Environmental Technologies Limited

PET recently popped up through resistance to drag in buyers to continue the trend higher. We are now watching for a minor higher low to build for the buy entry setup and a potential strong run higher. Price has been quite strong against the flow of the overall ASX200 so we are looking to take advantage of the strength and get on board for the ride.

 

Stock Code : PET – Phoslock Environmental Technologies Limited

Company Website : www.phoslock.com.au

Current Price : 0.455

Status : On watch for buy entry setup