Within 2 days of the new variant , OMICRON virus being spotted , the news splashes everywhere. Here , in the Stock market, some stocks are raking in abnormal returns on this piece of news.
Meddtecs International which makes personal protective equipment soared more than 80% within the last 2 days .It has now retreated to 0.415 level and if more bad news, rumours...
TICKER CODE: 546
Company Name: Medtecs International Corporation Limited
Industry: Medical Instruments & Supplies | Singapore
Proposed Position: Sell
Technical Analysis
1. Downwards Flag Pattern (Forming)
2. Downwards Fibonacci Retracement at 0.618
3. The market will more likely impulse downwards to test key levels before rising up
4. The flagpole take profit...
TICKER CODE: 546
Company Name: Medtecs International Corporation Limited
Industry: Medical Instruments & Supplies | Singapore
Technical Analysis
1. Large Pennant Pattern Broke out and retested already
2. Fibonacci Retracement at 0.618
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: Already Active (0.90-1.15)
1st...
TICKER CODE: 546
Company Name: Medtecs International Corporation Limited
Industry: Medical Instruments & Supplies | Singapore
Technical Analysis
1. Large Pennant Pattern Broke out and retested already
2. Fibonacci Retracement at 0.618
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: Already Active (0.90-1.15)
1st...
We have bought in.
Current portfolio
546 1.1565
EB 18.22
SHIP 1.72
MANU 16.23
ITRM 2.08
XSPA 2.81
YINN 27.3
QS 51
Looking to sell tonight
SHIP @ market
Sold last night
WNW @ market
LIZI @ market
few losing trades recently, but luckily we are still up with a healthy profit
We should see Medtecs bottoming tomorrow retesting the 1.36 level before making another run for its highs. Levels are still intact. Fundamentally, nothing has changed since last earnings.
