Big Big drop in Medtecs for the last few days and the seemed like having a lot of panic selling which after that went into restriction list. It was selling after selling and there seemed like there is no tomorrow until today finally the stock gap up and rebounded. I think it has touched a demand area and started to show signs of moving up but because the selling was so huge past few days, this could be just a short covering first before testing to see if more sellers emerge or lesser sellers. For now, this stock rebounded because of supply/demand factor but to really scalp this stock, one has to look into the 5 minute chart for entries and clues.
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Ronald K - Market Psychologist - A Stock Market Opportunist
