MVP had a cracking day today, up 9%. I don't do technical analysis, but it just felt like it was oversold and is now heading back to it's comfortable level of $5-$5.30.
If you're interested in my thoughts, I wrote up an article on A Rich Life. I firmly believe that there is significant upside potential with the new management and the roll-out of Penthrox.. but, if they can't drive those international sales through improved distribution, well watch out below. Anyway, you can link on the article below. Not that I ever thought I could move the market, but just to be clear the price movement obviously has nothing to do with this article, as it was published near the end of trading. https://arichlife.com.au/medical-developments-international-asx-mvp-providing-an-alternative-to-opioid-addiction/
Apologies for the twitter post above, HC hates Twitter and freaks out if you try to link it. Anyway, that was my research from March when I first initiated a position.
MVP Price at posting:
$5.01 Sentiment: Buy Disclosure: Held
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