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Potential Buy Entry Alert EOF
Time Frame : Daily
Sector : Pharmaceuticals/Healthcare
Broker Consensus : Not covered by a major broker
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EOF – Ecofibre Limited
EOF is holding up well under the current choppy price action on the ASX. We are now watching for a pullback to hold at a higher level as buyers show their hand and build for the buy entry setup.
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Stock Code : EOF – Ecofibre Limited
Company Website : www.ecofibre.com
Current Price : 3.20
Status : On watch for Buy Entry Setup
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Alert History
Previous Buy Entry Alert 19/09/19
EOF price is compressing so happy to move the Buy Entry Level down to 3.23 from 3.305 as we still see buyers holding the 3.00 level. The Stop Loss and Cancel level remains at 2.99.
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Original Buy Entry Alert 17/09/19
New Buy Entry Alert EOF
Time Frame : Daily
Sector : Pharmaceuticals/Healthcare
Key Stats : $360.19 Million Market Cap, VWAP 3.159, ASX Ranking 420, 4 Week Av Turnover $604,878, Current Turnover (Intraday as at time of alert) $297,388.
Company Overview : Ecofibre Limited (EOF) is focused on selectively owning or controlling specific parts of the hemp value chain, in targeted geographies. EOF sells hemp-based products to consumers, wholesalers and manufacturers. EOF owns diverse collections of genetics with over 300 land races of cannabis from over 25 countries.
Broker Consensus : Not covered by a major broker
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EOF – Ecofibre Limited
EOF is building as buyers start to step in at higher prices and look primed and ready for a run up to new highs. We are happy to buy on a push up through 3.305 with a Stop Loss at 2.99. If price falls below 2.99 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : EOF – Ecofibre Limited
Company Website : www.ecofibre.com
Current Price : 3.16
New Buy Entry (Trigger Level) : 3.305
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 2.99
Status : On watch for Buy Entry Trigger
