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Technical Comment from CIMB about Healthway Medical
• The stock broke out of its bullish flag pattern as well as its 50-day SMA
yesterday. Trading volume also picked up yesterday, which could suggest that
there is likely follow through buying.
• Supported by a sharp hook up in its RSI as well as a positive cross on its
MACD, prices could soon retest the recent high of S$0.21. However, prices
need to overcome the strong resistance at S$0.185.
• As long as yesterday’s gap of S$0.155-0.16 remains unfilled, the uptrend is
likely to continue. Keep a stop just below S$0.15, just in case. Any pullback
towards the flag support of S$0.165 is a chance to buy.
Wish you a profitable trading day
This stock is definitely worth a buy
There is a new healthcare stock coming to the market - Healthway Medical Group. Going to be created through the reserve takeover deal of Vantage Corporation that was suspended for months. Read an interesting stock research article in this website: http://www.noahfinancial.com/Vantage.htm
Wonder what's the trading price on the first day....seems like good value stock