PNV trade ideas
ASX:PNV - expect 10% gain within next few daysThis stock has been sensational. Earnings growth is expected to be enormous. They should be reporting very soon. If you haven't read up about what Polynovo are doing (BTM tissue) then it is well worth a read, these guys have a huge moat.
Expect PNV to climb to 1.65 then prove the integrity of support @ 1.60
$PNV - POLYNOVO - Broken out of resistance$PNV - POLYNOVO - Broken out of resistance
Good looking chart - especially when you take a look at its 5 year chart and consistent growth over time. Its just broken past a long term ceiling and making new highs so might be worth a watch.
PolyNovo Limited is a medical device company. The Company designs, develops and manufactures solutions for standalone and combination devices using its NovoSorb biodegradable polymer technology. The Company focuses on medical devices that are used in the treatment of burns, surgical wounds and negative pressure wound therapy (NPWT). It is involved in the development of NovoPore for use as a dressing in NPWT that involves a wound-contacting foam dressing, a sealing membrane, a suction pump, and a drainage tube from the dressing to a canister, and Biodegradable Temporising Matrix (BTM), a wound dressing focused on treatment of full-thickness wounds and burns where the dermal structure has been lost to trauma, or damaged requiring surgical removal, and requires a split-thickness skin graft for final closure. In addition, the Company is engaged in the development of breast sling prototypes for non-clinical and clinical trials, as well as new products for hernia and breast reconstructions.
PNV $0.610 Distribution / potential cap raise / OR breakoutIm thinking cap raise is coming up, and no ive no idea if they actually have $$$$ or what they even do
Something seems 'odd' here so im going to suggest retail are being fed atm.
If it were going to go, it really should have by now
OR if there is still too much supply(from where?) a spring/shakeout should have appeared.
The weekly looks bored/weak
Not holding, but will enter if it does actually breakout and hold 65
Very curious about this one