Posts
Forming a doji at 16c today is meaningful. I have suggested that 16c is an important support as it is the midpoint of the recent high at 18.5c and the recent low of 13.5c. If 16c holds up, we would have the formation of a higher low but if 16c breaks, Healthway Medical could see the formation of a double top. I would keep an eye on 16c. It is critical that it holds up.
Related post:
Healthway Medical: A beautiful symmetry again.
Bloggy Award
2 comments:
Hi AK71
are you still holding healthway share? It seems like the stock is quite quiet nowadays???
Hi Anonymous,
I have divested more than 90% of my investment in Healthway Medical, explaining in several posts the rationale for my actions.
However, I am still holding on to shares bought at 10c, the scrip dividends at 11.8c and the rights shares at 7.5c.
Technically, Healthway Medical is going through a period of consolidation. 16c is a critical support. If that holds up, it should be ok.
Post a Comment