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Potential Buy Entry Alert to Watch PNV
Time Frame : Daily/Weekly
Sector : Pharmaceuticals, Biotech and Life Sciences
Key Stats : $475.98 Million Market Cap, VWAP 0.73, ASX Ranking 371, 4 Week Av Turnover $999,937, Current Turnover (Intraday as at time of alert) $371,160.
Company Overview : Polynovo Limited (PNV, formerly Calzada Limited) is an Australian based medical device company that designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb biodegradable polymer technology. Their development program covers Breast Sling, Hernia, and Orthopedic applications.
Broker Consensus : BUY
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PNV – Polynovo Limited
PNV is in a prime position to rally higher and continue the longer trend higher. We see the action still has some work to do for confirmation that buyers are continuing to step up to the plate so we are now watching for a minor higher low on volume for the buy entry setup.
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Stock Code : PNV – Polynovo Limited
Company Website : www.polynovo.com.au
Current Price : 0.735
Status : On watch for potential higher low
