Buyers take control while looking for a move to new highs

Potential Buy Entry Alert RAP

 

Time Frame : Daily

Sector : Healthcare Equipment and Services

Key Stats : $152.49 Million Market Cap, VWAP 0.22, ASX Ranking 659, 4 Week Av Turnover $1,053,719, Current Turnover (Intraday as at time of alert) $269,446.

Company Overview : ResApp Health Limited (RAP, formerly Narhex Life Sciences Limited) is a digital health company developing smartphone applications for the diagnosis and management of respiratory disease. The technology is based on machine learning algorithms that use cough sounds to diagnose and measure the severity of respiratory conditions without the need for additional hardware.

Broker Consensus : BUY

 

RAP – ResApp Health Limited

RAP is on the move up as buyers build back their confidence in the stock. A shot in the arm to price a year ago saw a move lower from 0.32 to 0.07 to dent traders confidence. Since then the news flow has been positive and we are looking for this to continue. Watching now for minor contraction in price above 0.20 to build the higher low and entry as buyers continue to take control.

 

Stock Code : RAP – ResApp Health Limited

Company Website : www.resapphealth.com.au

Current Price : 0.22

Status : On watch for buy entry setup