Medtecs Intl - Continue Its COVID-19 Rally

Usually steep trendline does not last, however, it seems lasting enough for gloves and test kit for corona virus companies.

Medtecs Group announced on 11 August 2020 its half-year financial results for the period ended 30 June 2020.
The Group’s revenue increased significantly by 390.5% from US$33.2 million in 1H19 to US$162.6 million in 1H20 from increase in demand of personal protective apparels due to the COVID-19 global pandemic; which also raised awareness on healthcare products and led to increase in sales from our existing customers. The Group’s net profit after tax increased by 9,975.9% from US$386,000 in 1H19 to US$38,893,000 in 1H20 due to higher sales, higher profit margins and foreign exchange gains.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.