On 8 Dec, ard 4:58PM, I sent out a live trading ideas to my members regarding Raffles Medical at ard 0.855 when my stock Radar detect Bigboys starting pumping funds into it. after that, price moved up the next two weeks, reach 1.02 on 21 Dec, a 19% rebound in 2 weeks, as shown in the chart below.
Then it suffered a pull back last week, many investors start to ask what to now. below is my view for the time being:
Then it suffered a pull back last week, many investors start to ask what to now. below is my view for the time being:
Below is my live trading signals on 8 Dec.
for Raffles Medical, the financial report on 27 July was bad, net profit dropped 41%, however, it is still in profit. With the vaccine of covid-19 to be applied gradually, Raffles medical is likely to see improvement in revenue and net profit.
On the other hand, I will also say that the stock is in and uptrend for now in terms of chart. Therefore long term wise, it also has potential.
However, I will also concern abt short term risk. After shooting up 20% recently, the short term potential is quite limited. If you have ability to catch fast moving stocks like what happen to raffles medical in the past 2 weeks plus, do you think it is a good idea after such a move and face potential pull back and consolidation?
So good traders should have get out already, when price turn weak last week. But for those still have raffles medical position in hand, I will suggest to get out first during current rebound. To avoid wasting time on a stock that may suffer pull back or at least a mid term consolidation.
On the other hand, I will also say that the stock is in and uptrend for now in terms of chart. Therefore long term wise, it also has potential.
However, I will also concern abt short term risk. After shooting up 20% recently, the short term potential is quite limited. If you have ability to catch fast moving stocks like what happen to raffles medical in the past 2 weeks plus, do you think it is a good idea after such a move and face potential pull back and consolidation?
So good traders should have get out already, when price turn weak last week. But for those still have raffles medical position in hand, I will suggest to get out first during current rebound. To avoid wasting time on a stock that may suffer pull back or at least a mid term consolidation.
Did you miss this Raffles Medial opportunity? or you feel hard to do stock pick and market monitoring to catch nice great trading opportunities, like Raffles Medial and other stocks (click HERE to read other trading calls made) ? If you would like to receive trading ideas for great stocks like Raffles Medial and improve your performance in future......