Chart 1 of Medtecs
Medtecs: 5 March 2014, Wednesday, 11.15am Singapore Time
Chart courtesy of Chartnexus.com
+ Based on chart 1 above, Big Hands set up a huge accumulation/consolidation zone at the BLACK CLASSICAL SUPPORT (HORIZONTAL BLACK LINES) as above.
+ Big Hands re-accumulating Medtecs against big market directions.
+ Strong hands are in and weak hands are out.
+ Medtecs preparing to spike up like rocket based on analysis above.
+ Strong Buy at current price of 6.9cents; also Strong Buy at 7.0cents, 7.1cents, 7.2cents.
Chart 2 of Medtecs
Medtecs: 5 March 2014, Wednesday, 11.15am Singapore Time
Chart courtesy of Chartnexus.com
+ Based on chart 2 above, Big Hands set up strong push-up intentions.
+ Big Hands had re-accumulated Medtecs against big market directions.
+ Big Hands, Smart Money and Market-movers are in.
+ Medtecs preparing to spike up like rocket based on analysis above.
+ Strong Buy at current price of 6.9cents; also Strong Buy at 7.0cents, 7.1cents, 7.2cents.
Side-note:
Chart of Medtecs is telling you that the haze problem from Indonesia will not get settled. Haze will continue to pose a problem. In addition, Medtecs may also be doing well too. The chart is your free scouts of the haze situation from Indonesia. While big market directions are supposed to be bearish, Medtecs will counter-trend the main indices and go its own directions.
Donovan Norfolk Ang Technical Rating on Medtecs:
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.
Strong Buy at current price of 6.9cents; also Strong Buy at 7.0cents, 7.1cents, 7.2cents.
(Medtecs is available through SGX)
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