ALC:ASX - ALCIDION GROUP - Broken back above old support

Alcidion has been having a good run before recent pull back. It's now broken back above its old support level and there is around 10-15% back to its previous breakout high. Barchart technical indicator is showing as a strong buy and current demand is 235 buyers for 10,765,654 units vs 71 sellers for 3,797,123 units. All indicators are pointing up so fingers crossed might be worth a watch.

Alcidion Group Limited, formerly Naracoota Resources Limited, is an Australia-based health informatics company. The Company solutions focus on Emergency Rooms, Inpatient Services and Outpatient Departments, and are built upon health informatics platform, which incorporates an electronic medical records (EMR), clinical decision support engine and electronic smartforms. Its solutions include Miya ED, Miya Patient Flow, Miya Clinicals and Miya Clinic. Its Miya ED provides a set of clinical dashboards and emergency-department (ED) whiteboards. Its Miya Patient Flow System is an e-health guidance system, which offers integrating electronic journey boards, mobile EMR data capture, EMR software and a monitoring system. Its Miya Clinicals offers a suite of applications and services to the existing health information technology (IT) infrastructure. Its Miya Clinic Outpatient Software and Referral Management System optimizes the outpatient processes from referral through to discharge.

Comment:

Nice little run so far.