Healthway Medical

myhyip4me
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14 years 4 months ago #2272 by myhyip4me

Replied by myhyip4me on topic Re:Healthway Medical

Hi Is it stil good to buy Healthway at current price of $0.18-$0.19?

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AK71
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14 years 4 months ago #2277 by AK71

Replied by AK71 on topic Re:Healthway Medical

Healthway Medical has a white candle with a wick on top that is as long as the candle\'s body. In spite of increased volume today, price closed only 1c higher. OBV still shows accumulation. There is no sell signal on the MACD but this is usually lagging. MFI is levelling off which shows a slow down in buying momentum and remember, it is still in the overbought region. Is a correction due? Taking a peek at the weekly chart, the MFI has moved sharply into the overbought region. The last time it did this was in April 2009. Technically, there is more risk of a downside now. I would accumulate after the counter has done either a correction in price or a correction using time. Incidentally, I have divested more of my position in Healthway Medical today. singaporeanstocksinvestor.blogspot.com/2...cal-needs-break.html

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newbie123
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14 years 4 months ago - 14 years 4 months ago #2279 by newbie123

Replied by newbie123 on topic Re:Healthway Medical

Hi, RZENG, just to elaborate further: if u look at HW\'s announcement, they are planning to open a total of 10 specialist clinics in Q4 2009 and Q1 2010. The revenues of these 10 specialist clinics are not reflected in 09 report. So, in 2010, these 10 new specialist clinics may most likely contribute at least 10% revenue growth to the group. Monitor their quarterly report closely this year and their double digit revenue growth (10 new specialist clinics + growth from existing clinics) should send HW\'s stock price slowly appreciate close to the targeted 28 cents as forecast by DMG by end of this year. I don\'t know when or how the China expansion will take place exactly but maybe end of this year or early next year. So, that would be something to find out during AGM. If u like their china expansion, continue to hold until 2015 (if u want to reap the full benefits of their China expansion). If not, exit end of this year. Just want to make a note that there is always a certain form of risk and uncertainty, esp when it comes to overseas expansion. U will have to ask yrself if u can wait patiently till 2015. myhyip4me: For now, don\'t expect sudden surge in HW price, at least until its full 2009 annual report is out. Like what AK71 says, u can choose to buy during correction or wait until the rights issue is over. Don\'t know what the price will be after the rights issue but at least it will be cheaper than the present 19 cents. if u think price is high now, no point buying even though the issued share from rights is at gd discount.

Last edit: 14 years 4 months ago by newbie123.

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AK71
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14 years 4 months ago #2303 by AK71

Replied by AK71 on topic Re:Healthway Medical

19.5c remains a stubborn resistance level which refuses to be taken out. Price action started the day at 19c, reached a high of 19.5, only to close at 18.5c, forming a black spinning top in the process. This is often a sign of a probable bearish reversal. MFI shows the buying momentum continuing to level off and the OBV shows that accumulation has halted. The only consolation is that all these negative signs are accompanied by much reduced trading volume. singaporeanstocksinvestor.blogspot.com/2...ck-spinning-top.html

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AK71
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14 years 4 months ago #2344 by AK71

Replied by AK71 on topic Re:Healthway Medical

Healthway Medical closed 0.5c higher at 19c today on much reduced volume. MFI has flattened in the overbought region and OBV inched up ever so slightly. I am a believer in chart patterns. See how the cup formation troughed at 9.5c and topped out at 14.5c? The target price in case of a breakout of the top of the formation is just a projection of the trough to the top and beyond which gives us 19.5c. This target price was reached in just one week from the midpoint of the cup pattern at 12c. Fast and furious indeed. Will it find fuel to extend the run or will it soon turn lower? It is quite obvious that there is more risk of a downside than a probability of an upside at this stage. I sold more shares in Healthway Medical today and I am left holding only 25% of my original investment. Why not sell all? It pays to remember that the market can be perverse. Always hedge. singaporeanstocksinvestor.blogspot.com/2...utiful-symmetry.html

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AK71
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14 years 4 months ago #2364 by AK71

Replied by AK71 on topic Re:Healthway Medical

We have a sell signal on the MACD today on the daily chart. The MFI has turned down, indicating a reduction in buying momentum but the index is still in the overbought territory and should have some way to fall. The price action has finally detached from the upper limits of the Bollinger bands as it closed at 18.5c today. Initial support is at 16.5c. I will accumulate at every support level on the way down just like how I sold at every resistance level on the way up.

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