(Updates) Raffles Medical Closed at $1.10
The trading week ended and Raffles Medical group closed $1.10
Recall in the previous post, I sold Raffles Medical at $1.125 close to the high at $1.135 on 13 Sep 2017.
After which, I gave an updated post:
I mentioned a retracement was imminent after I sold off my positions at $1.125 and $1.12. And possible support to be at $1.085 and $1.09 area.
My previous post:
I have reentered at $1.085:
Moving foward:
In my opinion, Raffles med could head to $1.13 again or even $1.15 before coming down and then consolidate between $1.09 to $1.13. A real bottom is not form over a few weeks or days, it needs to take time to consolidate or may even consolidate for a year or so to flush out the trapped bulls.
Still adamant that it could form an inverse head and shoulders should it have bottomed.
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