Raffles Medical has been stuck in a trading range since Sep 2017 which happened to coincide with a low accompanied with very high volume. This is an indication of a temporary bottom.
With stock drifting sideways for last 14 months, there have been several attempts to break on the upside. Resistance at 1.18 – 1.21 appears to be a price zone to watch. Any break on the upside with good volume may witness the start of a new trend.
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Relative Strength Line is NOW available in SI Station – Golden Swing screener What is Relative Strength Line (RS Line)? RS Line compares a security’s price action to that of the benchmark index. A rising line indicates that the security is outperforming the benchmark index and vice versa. RS Line will still rise if the…
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