Memtech Intl: Hit a new high then an Exit signal SEEN .... Awaiting some reversal price actions.. Price 1.61

Following up from previous blog post a month back when Memtech was at about 1.66 >> http://singaporetradinginsights.blogspot.sg/2018/03/memtech-intl-some-actions-playing-out.html

We have indeed seen Memtech traded higher gradually and hit a high of 1.90, but due market weakness over the past few weeks, it has since retraced lower.

We saw a quick rebound from 1.65 to 1.80 last week but then sellers returned again...

We are now back to the 1.60 support where buyers are coming back...

From the SYSTEM, we actually had a Bullish EXIT signal about 2 weeks back then some selling began already.

See what I mean below..

We may start to see more weakness below 1.60 on some firm negative price actions.. towards the 1.50 support level..

So far still holding well...

Hopefully some bullish reversal price actions around here for any rebound to occur again...

Would not want to rush TO ENTER before some good support found first..

Inner circle and I will be looking out to see if the SYSTEM shows a NEW Bullish signal again...

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