Bioxyne Ltd (ASX: $BXN)Bioxyne Ltd (ASX: $BXN) is painting a bull flag. If it breaks out of the resistance at $0.91 I expect target to be between $1 to 1.20. The $0.91 is a very strong resistance as we can see now that the bears have refused to let the bulls through.
This Australian life sciences and health products company is targeting the Asia market with its health and wellness products. One of the key products in its portfolio is its BK18 nutritional health drink which is made with dairy from Waikato, New Zealand and includes an immune boosting probiotic and a range of key vitamins. As we have seen with Blackmores Limited (ASX: $BKL), demand for health supplements in this market is extremely strong. Time will tell whether Bioxyne can take advantage of this demand.
