Raffles Medical

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.

See weekly chart