The groundwork is being set for a move higher as buyers step up to the plate

Potential Buy Entry Alert to Watch PNV

Time Frame : Daily/Weekly

Sector : Pharmaceuticals, Biotechnology and Life Sciences/Healthcare

Key Stats : $485.9 Million Market Cap, VWAP 0.745, ASX Ranking 364, 4 Week Av Turnover $807,568, Current Turnover (Intraday as at time of alert) $107,626.

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

PNV – Polynovo Limited

PNV is showing some healthy signs that price is ready to start to push up out of contraction. We expect to see buyers hold price up above 0.70 and build some inside higher lows below 0.80 before a trigger higher. Watching now for higher lows to hold and volume to pick up for further evidence.

Stock Code : PNV – Polynovo Limited

Company Website : www.polynovo.com.au

Current Price : 0.75

Status : On watch for potential higher low