Riverstone

Why Did Medical Stocks Sell Down? And Here’s What We Did

Kelwin & Roy Top Glove , , , ,
22nd October, 2020, 6:56 AM

Why Did Medical Stocks Sell Down? And Here’s What We Did

Image source: thejarkatapost

It wasn’t a good day out for medical stocks yesterday as they all took a nosedive.

Familiar names like medtecs, UG healthcare, riverstone, Top Glove all took a beating of over 5%

What caused this sell down? One possibility could be due to this  news.  China giving 60k people with covid-19 vaccines will no ill effect.  How successful will this be? Only time will tell.

With the selling, of course we’ll be affected. We did well with UG healthcare and Riverstone but unfortunately Top Glove didn’t quite go the way we wanted it to. And here’s what we did. Sending a message to our clients to remind them that our Stop Loss in Top Glove has been hit!

No need to shy away from it, its normal to have stop loss but if you know of anyone who doesn’t CONTACT US, we want to know that person too. =) So a reminder was sent so that our  clients know it’s time to cut loss.

It is important not only to have a good section of stocks but also to have someone reminding you when it’s time to get out! As traders we all know how crucial it is to cut your losses and  not be in denial.

Want a remisier who’s looking out for you? Reminding you when it’s time to cut loss?

Contact Us to find out how you can receive such awesome service.

Yours

Humbly

Kelwin&Roy

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]

Kelwin & Roy Riverstone , , , , , , , , ,
28th September, 2020, 6:58 PM

Riverstone – [ Rebound Came After We Posted, What Are We Looking Out For Next? ]Riverstone 28th Sept 2020

Chart Source: Poemsview 28th Sept 2020

Riverstone a glove related counter was a counter we posted on our blog before market open last friday (25th Sept) when it was at $3.49.  Once market open it slowly moved up and just one cent shy of our target $3.74, it touched $3.73 and started to have profit taking through the day.

It made a nice 6% upside in a day since it broke above the 20ema which we mentioned in our post too,  very decent if you ask us. =)

So what are we looking out for next? From the chart and using technical analysis,  $3.73-3.75 is a potential resistance for us. The short term support to us is the 20ema and that uptrend line we drew , which is round $3.53 level. If riverstone can maintain at this level and take out the resistance, we might even see $4.11 level.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy

Glove Counters – [ More Rebound In Sight? ]

Kelwin & Roy Riverstone , , , , , , , , ,
25th September, 2020, 7:53 AM

Glove Counters – [ More Rebound In Sight? ]Riverstone 25th Sept 2020

Chart Source: Poemsview 25th Sept 2020

Just a day or two we saw glove counters gaining some strength as there were having a sideways consolidation. Cases are starting to rise again in the Western side like europe and this might have some positive effect on these glove stocks.

Glove counters like Top glove and UG healthcare have all broken above their 20ema and might see further upside in the near future. But we’re not super optimistic and might just want to be mindful for this as a rebound.  Now how about Riverstone?

Riverstone is currently pinned down by the 20ema and the downtrend line. If it manages to break and stay above that we might see a potential move up in the coming days. There has also been an increased in volume.

Keeping our eyes on it.

Yours

Humbly

Kelwin&Roy