𝐒𝐆 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐒𝐭𝐨𝐜𝐤𝐬 - 𝐓𝐢𝐦𝐞 𝐟𝐨𝐫 𝐀 𝐑𝐞𝐛𝐨𝐮𝐧𝐝? (𝐑𝐢𝐯𝐞𝐫𝐬𝐭𝐨𝐧𝐞 & 𝐔𝐆𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞)

 

Over the past 2 months, we have seen weakness in the Medical sector on talks of a vaccine being found and many of the Glove makers 𝐬𝐨𝐥𝐝 𝐨𝐟𝐟 𝐛𝐲 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟏𝟎- 𝟏𝟓%. 😰

 

Then we saw some sideways consolidation in September,

 

and finally over the past week, it seems like reversal is happening.

 

Joey here, Top Tier Remisier in Phillip Securities.

 

 

We have managed to break out above some of the key resistance and some 𝐬𝐢𝐠𝐧𝐬 𝐨𝐟 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡 𝐭𝐨𝐨 from the indicators.. 💪💪

 

Some 𝐮𝐩𝐬𝐢𝐝𝐞 𝐭𝐚𝐫𝐠𝐞𝐭𝐬 were already drawn over the past 2 weeks in preparation for the reversal,

 

and it seems like we are seeing it play out slowly for now. 👀

 

So the question is:

 

"WHERE can we potentially head to and and 𝐖𝐇𝐀𝐓 is the support for now?" 🤷

 

Well, watch this video all the way to the end to discover WHY 𝐬𝐨𝐦𝐞 𝐬𝐡𝐨𝐫𝐭 𝐭𝐞𝐫𝐦 𝐮𝐩𝐬𝐢𝐝𝐞e may be possible as long as the new supports hold.

 

Watch here >> https://youtu.be/80Xa1ORyjnE