The RGTBHD buy signal was triggered based on the MRV1 setup at RM0.245. The target is a 20% increase to RM0.225, with a stop loss of RM0.165. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
The price movement pattern has stagnated after a major downtrend from the November 2021 peak. Now hovering above the support area of...
A significant price movement with volume makes RGTBHD a breakout signal.
MACD and OBV indicators indicate a divergence signal and confirm the breakout trend.
RSI indicator >50 indicates a strong momentum of recent price changes.
Let save RGTBHD in WL and watch out for price movement with volume.
R 0.680
S 0.605
Completed HL and in progress to make new HH
Fibo weekly retrace at 78.6% and estimate TP at 1.065 at Fibo 161.8%.
If price drop below CL and wait till reach at 61.8% fibo.
Continuous price movement indicates a strong uptrend pattern. The price is still within the Bollinger Band upper level. A good sign of demand and supply. MACD and OBV charts indicate a positive uptrend.
R 0.690
S 0.585
Reversal at MA20 with high volume, higher high and higher low is completed.
Resistance line at 0.525 which is taking profit target as well.
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We realize there are increasing trading activities with this counter.
RGTBHD formed a solid triple bottoms.
Moving average turning up.
Price reached RM0.445 on 20/09/2021 but failed to break through RM0.45 with strong selling force at RM0.445
Nevertheless, price still able to keep above RM0.40 and we see slow recovery on stock price.
Very strong uptrend momentum...
Trading Idea RGTBHD (17/6/2021)
- EMA crossed-over with volume
- Support and resistance as drawn.
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
As we can see the candle seems like losing the momentum (candle become smaller). Possible for long if there are reversal candle or double bottom form at support area. SL if break support and TP at nearest resistant to be safe.
Sambil2 menatapi kehijauaan alam BSKL hari ni, kita selalu dikejutkan oleh sesuatu yg tak disangka..sering kali mendatangi kita..
Itukah suratan dalam kehidupan atau hanya satu kebetulan..sama sama kita saksikan..
Entry Strategy:
1) BTST - TP as per stated
2) Wait for another retracement inisde the zone and ride the dead cat bounce - Short Trade
Chart:
1)...
