buy recommendation, page-10

MVH still in a strong upward trend. Currently trading between the support and resistance points of 34c and 37c.
Trading pattern very clever at present. Around every third day or so, the share price gets a nudge along. Then it appears a buyer/buyers sit a at a certain level and soak up all the loose shares from traders/investors etc exiting, before testing the next level. Wouldn't be surprised to see the share price move again today, but more than likely, it will be tomorrow.
Once MVH breaks through the 37c resistance level, expect a run to 41c and then to test the all time high of 56c. By high, that is the closing price, not intra day trading price.
One would think that reading between the lines, that there will be some substantial sales coming out of the US an Canada re epidural simulators as per the buy recommendation just released, as well as other sales in china and the UK.
I believe that once we break through the 37c resistance, we will run hard and fast to the 41c and 56c resistance levels with strong up coming sales announcements.
Also it was mentioned last week that a US investor was looking at buying $1,000,000 worth of MVH shares because he liked the simulators so much. If this is true, even at an average price of 34c that would be 2.94 million shares providing he could get that many at that price. Then if it was US$, factor in a lot more shares. Best of all, going into safe hands and tightening up the register.
All in all, things looking very positive with a strong upward trend on the charts, buy recommendation just out, rumours of investors with deep pockets looking at coming into the stock, a director with a track record of getting stocks really moving, and the potential of winning contracts up to the value of $15 million as per the buy rec.

Noggie
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