Medtecs Intl really rebounded off from the low. The panic selling was real, many sellers and many white towel throwers. I saw the bottom in the 5 minute chart where the quality of sellers were heavy reduced and the buyers just started kicking in. The buy/sell queue also switched very fast which indicated that there was fast sweeping up actions at the bottom of the panic selling. Per my last blog post, the short covering to take profits was correct. I am done trading this counter today.
https://stockmarketmindgames.blogspot.com/2020/01/medtecs-intl-naked-shorting-crumbling.html
Ronald K - Market Psychologist - A Stock Market Opportunist
