Over the past few days, we have seen some weakness in Memtech with it breaking the 1.20 support ….
Hence some downside targets were reiterated…
We have hit our 1st target today at 1.10 and some short covering seen… May see some consolidation above 1.10 for now but….
Would want to be careful if 1.10 gives way too where our 2nd target may be on track….
See what was sent out…
From the PTI system…
We actually had some bearish entry signals over the past 2 weeks…
And then the weakness came in fast…
Still no exits for now…….
So would want to be careful of more selling below 1.10…
No comments:
Post a Comment