Potential Buy Alert MVP

MVP – Medical Developments International Limited

MVP is kicking goals as positive release after positive release push price higher bucking the trend of the current ASX200. The healthcare company has a product named Penthrox that being released in stages into the global market so we expect price to keep heading higher. The original leg up was around $5.75 so we expect price could easily hit the $10.00 level with sales into the US. Watching now the daily charts for a potential buy entry setup.

Stock Code : MVP – Medical Developments International Limited

Company Website : www.medicaldev.com

Current Price : 7.55

Status : On watch for a buy entry setup

Original Alert 28/7/17

MVP – Medical Developments International Limited

Stock : MVP – Medical Developments International Limited

Current Price : 5.24

Status : On watch for higher low

MVP has been on the cards for a while and has spent a long time correcting off the highs at 6.85. We now see the potential for the stock to build a new major leg higher. The price is holding higher lows at 4.60 and now just below 5.00. We see buyers soaking up sellers and getting more aggressive so are now on watch for a push up through 5.50.