Buyers showing some strength and are in good shape for the march higher

Potential Buy Entry Alert to Watch BOT

Time Frame : Daily/Weekly

Sector : Pharmaceuticals, Biotech and Life Sciences/Healthcare

Key Stats : $226.66 Million Market Cap, VWAP 0.25, ASX Ranking 552, 4 Week Av Turnover $783,240, Current Turnover (Intraday as at time of alert) $866,307.

Company Overview : Botanix Pharmaceuticals Ltd (BOT, formerly Bone Medical Limited) is a medical dermatology company developing new prescription medicines to treat serious skin diseases, including acne, psoriasis and atopic dermatitis by utilising a novel drug delivery technology (known as Permetrex).

Broker Consensus : Not covered by a major broker

BOT – Botanix Pharmaceuticals Limited

BOT is looking in good shape as buyers hold higher levels after a washout lower to 0.20 recently. We see that the volume has picked up since June so are now watching for this to continue if price starts to get some momentum higher. Watching for the break up through 0.26 followed by a higher low for the entry setup.

Stock Code : BOT – Botanix Pharmaceuticals Limited

Company Website : www.botanixpharma.com

Current Price : 0.25

Status : On watch for potential higher low and push up through 0.30