Medtecs Intl - Gap Up on Fear

Over the weekend, the virus got worse and more new cases on people infected with the coronavirus and hence medical stocks like UG healthcare and Medtecs Intl gap up as shown in the Top 30 Volume. Medtecs Intl touched the demand zone with fear first as the stock was selling like hot cakes the past 4 days and soon it went into the restriction list. However, because of the panic selling and touching a demand zone, the stock last Friday and gap up today. I am looking to lock in profits now as currently, I think the stock might have again touched a ceiling in the 5 minute chart. Taking profits first is never wrong.

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Update: 9.42am, 10/2/2020

Watch the stock as it's slowly simmering off the high.

Ronald K - Market Psychologist - A Stock Market Opportunist