$PNV - POLYNOVO - Broken out of resistance

- 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.

Note

Good little gain before it came back a little. Looks like it might be building to make another attempt.

Note

Nice secondary run.

Note

Topped up yesterday and am enjoying todays bonus run...

Note

Got rejected at the $1.60 mark but it hasn't fallen away much so good chance it will push through ad continue if it does manage to break up through it.

Note

I bought back in today. Might be a bit early based on volume. 216 buyers for 2,201,091 units vs 165 sellers for 1,267,739 units.

Note

Exciting to see next line of resistance broken as well as the $2 mark.

Note

Holding ground in the $2.20's. Bit of a BB contraction happening so hopefully will break to the upside.

Demand is still reasonable: 337 buyers for 1,710,337 units vs 208 sellers for 1,595,369 units

Note

Been a great stock. Starting to push through that $3 mark.

Note

After the great reset, PNV starting to look interesting again. I'd like to see it break above the 2.25 even 2.30 type mark to have a play. Alert set.

zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: