Raffles Medical...still consolidating but show signs of base forming

Raffles Medical has been trending down ever since it did a stock split on May 2016. Counter has been trading sideways since August last year. A base seems to be form at 1.05 and stock is attempting to retake the 20 Day Moving Average. Stochastic and RSI was oversold and is begining to point upwards.

Investor can consider to buy to accumulate around 1.08 and establish a price target of 1.14 and put a stop loss around 1.03. Trade duration : 2 to 3 months.

S1 : 1.04
S2 : 1.07
R1 : 1.15
R2 : 1.19
Raffles Medical
Chart plotted using POEMS 2.0




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