Friday, May 22, 2015

Healthway Medical - still consolidating sideways, in watch list !

Saw some reactions yesterday, did you manage to accumulate on dips as mentioned to clients 2 weeks ago?

Sent: Thursday, May 07, 2015 1:20 PM
Subject: ******************Consolidaiton in progress: Healthway Medical - Still good to go above 0.050, price 0.053
Healthway Medical has been consolidating above the 0.050 for more than 3 weeks in a rather volatile manner to a high 0.058 range. There can still be more upside in the short term if it manages to stay above the 0.050 level. 20 day MA LINE is pointing upwards firmly and has just crossed both the 100 and 200 day MA line which can signal trend change in the initial phase. Momentum MACD indicators still showing strong momentum and volume has been maintain really well on average. As long as 0.050 holds, we are positive in the short term for a rebound and a potential breakout above 0.600 eventually. Can consider accumulating on dips from 0.051 to 0.053 with stop loss at 0.048 if support breaks down..

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