Buyers still in charge and in no hurry as markets fall

Potential Buy Entry Alert to Watch NAN

 

Time Frame : Daily

Sector : Healthcare Equipment and Services

Key Stats : $974.62 Million Market Cap, VWAP 3.184, ASX Ranking 239, 4 Week Av Turnover $2,854,682, Current Turnover (Intraday as at time of alert) $5,302,315.

Company Overview : Nanosonics Limited (NAN) is involved in the manufacturing and distribution of the trophon EPR ultrasound probe disinfector and its associated consumables and accessories. It is also involved in research, development and commercialization of infection control and decontamination products and related technologies. NAN is headquartered in Sydney, Australia with offices in the USA (Nanosonics Inc) and Europe (Nanosonics Europe GmbH).

Broker Consensus : HOLD/BUY

 

NAN – Nanosonics Limited

NAN is holding up well and showing strength in a very weak and choppy market. If the ASX200 starts to find some buying to lift it off support, we expect that NAN may start to run higher. There is still work to do from the buyers, and under current conditions, they are in no hurry.

 

Stock Code : NAN – Nanosonics Limited

Company Website : www.nanosonics.com.au

Current Price : 3.22

Status : On watch for buy entry setup

 

 


Previous Alert 27/11/18

Potential Buy Entry Alert to Watch NAN

 

Time Frame : Weekly

Sector : Healthcare Equipment and Services

Key Stats : $881.36 Million Market Cap, VWAP 3.017, ASX Ranking 244, 4 Week Av Turnover $2,860,850, Current Turnover (Intraday as at time of alert) $1,083,453.

Company Overview : Nanosonics Limited (NAN) is involved in the manufacturing and distribution of the trophon EPR ultrasound probe disinfector and its associated consumables and accessories. It is also involved in research, development and commercialization of infection control and decontamination products and related technologies. NAN is headquartered in Sydney, Australia with offices in the USA (Nanosonics Inc) and Europe (Nanosonics Europe GmbH).

Broker Consensus : HOLD/BUY

 

NAN – Nanosonics Limited

NAN has spent the last few months contracting off the highs around 3.90 but is now in a nice positions to tempt the buyers back into the action. We are now watching the action for a higher low to play out for evidence that the buyers are active and jumping in for a run to new highs. On watch until the action builds.

 

Stock Code : NAN – Nanosonics Limited

Company Website : www.nanosonics.com.au

Current Price : 3.025

Status : On watch for buy entry setup