Sunday, August 16, 2020

Technical Analysis Aug 2020: MEDTECS INTL (SGX: 546)

 

MEDTECS INTERNATIONAL CORP LTD 

Observation From Chart:- 

MEDTECS INTL (546) forming "doji" at $1.67 level. 

Will it consolidate site way? Retrace down to support level? 

Other indicator:- 
MACD trading at positive region, uptrend sign. 
Stochastic %K on BUY call itinerary. 

Immediate resistance@ $1.67 level, 
If able breakout $1.67 resistance level, higher high is confirm. Uptrend will resume. 

If retrace down, Immediate support @ $1.34 level. 
Subsequent support @ $1.07 level. 

Let's watch closely.

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