Raffles Medical: Downtrend continuing with target almost hit, price 1.04. System says?

Following up from previous blog post  on the 1^st of August >>> http://singaporetradinginsights.blogspot.sg/2017/08/raffles-medical-target-breached-but.html

We have indeed seen more selling with Raffles Medical hitting a new low over the past few days at 1.025 with our next target at about 1.00 almost hit....

See the previous chart shown again..

For illustration purpose only

Infact over the past 3 weeks, there were also continued calls for more weakness when it was around 1.155...

And charts were relooked at again and target reaffirmed...

Downside target same, to about 1.00...

See what I mean.

For illustration purpose only

For now, we are starting to see some short covering near 1.00 which is normal given the extent of the sell down....

I would say that the 1.00 can offer some respite for now but any specific price action below can still see the selling continue....

What about the SYSTEM where PTI grads have accessed to?

Well, Bearish signals were actually already activated way before, in June....

See what I mean below...

And for the recent Bearish Entry signal, there still isn’t an EXIT.....

Cautious long..... especially if 1.00 fails to hold too....

Looking forward to share more about this SYSTEM in my upcoming seminars..... dates will be finalized soon.... ;)

Want to be notified and ALSO get My Cheat Sheet from messenger for a start >> Click here

For illustration purpose only