PHGI:CSE - Premier Health Group: on watch for break out
Updated
PHGI:CSE - Premier Health Group: on watch for break out! after a nice run in late 2019 early 2020 we have pulled back for a few weeks now, tagging both the 50dma and 200dma. It has now built a series of higher lows with a initial resistance at $0.435 creating an ascending wedge pattern. The 50dma is about to cross over the 200dma giving a bullish sign and with a move over $0.435 and $0.51 I'd watch for a move upwards to the $0.65 region.
The sector in which PHGI is in is quite new and budding, Telemedicine, where its possible to see the doctor without leaving your house or office! Plenty of room for growth, Premier health group is guiding ~20 million in revenue for 2020, it has a low public float and only 70 million shares issued, these variables could prove for a nice upward move towards $1.00 and beyond
The sector in which PHGI is in is quite new and budding, Telemedicine, where its possible to see the doctor without leaving your house or office! Plenty of room for growth, Premier health group is guiding ~20 million in revenue for 2020, it has a low public float and only 70 million shares issued, these variables could prove for a nice upward move towards $1.00 and beyond
Comment
note that this companies stock symbol was change and uplistedTrade active
The company continues to trade as DOC:TSXV in the $2.00 range and an ATH of 3.43 (nearly 700% gain from this trade idea) currently only 380%
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