Potential Buy Alert

MEB – Medibio Limited

MEB is a medical technology company with developments in the diagnosis of depression, other mental health disorders and chronic stress. We see the company has had some very good news flow of late with some great prospects and also a capital raising increasing the interest. The capital raising has held price in check but we see this as not lasting long. The supporting price action looks strong so we are watching closely for a buy entry setup to take advantage of a new move higher.

ASX Stock Code : MEB – Medibio Limited

Company Website : www.medibio.com.au

Current Price : 0.37

Status : On watch for Buy entry Setup