Memtech Intl – [ Defying Gravity Once Again]

Chart Source : Poemsview 7th March 2018

Memtech Intl defied gravity today and moved up close to 10% before coming off slightly to close at 1.65.

Its above our target of 1.63 which we just blogged on three days back .

Our next possible upside target might be 1.70.

Memtech Intl is a slow and steady stock which we would consider using CFD to do a swing trade on as we can hold it past contra without having to pay up for the full contract.

As you can see from the chart its unlike creative tech which has many days of long bars. Fast up and fast down. We prefer it to be slow and steady for a more sustainable move.

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Yours

Humbly

Kelwin&Roy

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