Healthcare stocks attract momentary interest

INTERNATIONAL HEALTHWAY CORP (9.2 cents) - Trading below NAV

- Prices are still hovering at the low end of their range

- Short term stochastics appears to be turning up

- Book value as at Sep 30 is at 14.92 cents

- Immediate resistance is at 9.4 to 9.5 cents

- Support is at 8.8 cents

SINGAPORE O&G (69.5 cents) - Strengthens

- Counter has picked up strength

- Quarterly momentum is rising

- Resistance is at 79.5 cents

- If prices break resistance new upside of 90 cents is indicated

- For prices to retain strength, they need to hold above 100 day moving average

HEALTHWAY MEDICAL CORP (3.8 cents) - Entrenched beneath resistance

- Counter has lost relative strength

- Short term stochastics has turned up

- Prices could clear 50 day moving average to test 4.7 cents if quarterly momentum can rebound

- Support appears at 3.4 cents

ISEC HEALTHCARE (29 cents) - Short term sideways

- Prices are challenging still declining 100 day moving average

- Quarterly momentum has recovered after bottoming out

- Prices may attempt to break above 29 cents

- Successful breakout indicates upside of 39 cents

- Support appears at 27 cents

RAFFLES MEDICAL GROUP ($4.30) - Rebounds off 200 day moving average

- Prices bounced sharply off 200 day moving average

- Quarterly momentum has turned up from a one year low

- Immediate resistance is at $4.43

Q&M DENTAL GROUP (SINGAPORE) (77.5 cents) - Hovering around support

- Counter has been a steady performer

- Prices have remained above the 200 day moving average

- Does not appear to have sufficient volume or momentum for prices to move much higher than 79 to 80 cents

- Resistance appears at July high of 88 cents

(Source:  TheEdgeSingapore November 16,2015)