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Wednesday, 28 May 2014

Medtecs: 28 May 2014, Wednesday, 9.05pm Singapore Time

Medtecs: 28 May 2014, Wednesday, 9.05pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is a follow-up on Medtecs analysis and with a shorter timeframe outlook.
+ Big Hands, Smart Monies and Market Movers are heavily into Medtecs as per previous technical analyses on Medtecs:
http://donovan-ang.blogspot.sg/search/label/Medtecs

+ Charts are foretelling ahead that haze from Indonesia will infest Singapore again in 1-3 months time and it will not be a minor haze.
+ BUYS as indicated above
+ Resistance at 7.5 cents and 7.6 cents will break up for a powerful penny stock spike-up.
+ Target around at least 10cents for profit of more than +50% on capital invested.
Buy on Forecast, Sell Half on Smell of Haze and Sell all on Sight of Heavy Haze.
Donovan Norfolk Ang Technical Rating on Medtecs:
Maintains STRONG BUY/LONG

While big market directions are supposed to be bearish, Medtecs will counter-trend the main index directions worldwide and go its own upwards directions.

(Medtecs is available through SGX)


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