Raffles Medical had managed to bounce off from the low of $3.88 on 18th Jan 2016 and head higher to touch $4.40 on 24th Feb 2016. This is generally rather bullish.
The current price of $4.36 is hovering above both 14SMA & 25SMA lines which is generally rather healthy.
Also both MACD & RSI are still pointing upwards which may provide further indication that the share price may continue to head higher .
Breaking out of recent high of $4.40 with good volume that will be rather positive to drive the share price higher towards $4.74 with extension to $4.95.
(trade base on your own decision)
No comments:
Post a Comment