Monday, January 2, 2017

Healthway Medical Corp Ltd Technical Analysis - Jan 2017

There seems to be 2 falling wedges - one within another. Healthway had broken up the first (smaller) falling wedge and now testing the resistance line. If this is valid, the measured move is around $0.14


From the monthly TF, we can see a possible bigger falling wedge in play. Its measured move it ~0.25. A rounding bottom seems to be in play.

From daily TF, there are 2 gaps to be filled. One at ~0.115, the other at ~0.055. These are the resistance to look out for, overcoming it may see the price going higher to the measure move of ~0.25.



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