Selling momentum pushing retracing to Support 1 (1.15) or will it continue to support 2 (1.12)
This is a personal view and does not constitute any buy/sell call
REVENUE
Trend: Bearish
Rst: 0.925
Spp: 0.785
Fallen below Fibo Retracement 50% which is deemed not healthy anymore. Only way to ride the stock is when it gap down to next support 0.785, then you can try your entry.
Thank you for your continued support :)
Strategy: Price Volume Analysis
Bias: Bullish, After hit a high of 1.53, the stock price has tumbled down. Today the share price break 1.4 neckline with volume and closed at 1.42. For now, the share price is well maintained on MA5 and MA10. I If the volume and momentum persist, SWC believe there will a positive movement in...
Strength in the chart:
1. Spring after Sell-Off
2. Wait for confirmation with Green Pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Starting from year 2019, Revenue has been moving along the trend in the lower section.
It started to fly up a few days ago and start moving in the upper section of the trend.
Lets hope it will keep on moving up in the upper section for a long period of time.
Bullish Counter.
This newly listed company shows great performance since listed in Bursa Malaysia.
We can see the price growth continuously and harmonics with the chart pattern movement.
Uptrend, small accumulation then followed by breakout of pattern.
Thus, there are probability that the price goes higher and become All Time High once the price breakout the upper box...
REVENUE - Bullish candlestick pushing the stock to breakout from symmetrical triangle formation, this came with stronger than usual buying volume, Stochastic is ticking upward. You may expect further upside. Support level at 1.48; while resistance is observable at 1.62. Do note the stock may need to survive above MA50 as well to validate its upside momentum.
A quick analysis on Revenue and potential trading plan.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Revenue Group Bhd Stock taking support from lower trend line support.
Any day consecutive close below 3.320 violates support level of trend line can test 1.220 otherwise above 1.380 can bring strength and momentum till 1.44
A pullback simply represents any price movement that is against the prevailing trend. A pullback is a short-term move in the opposite direction of the longer-term trend. It can offer an opportunity to join the trend without chasing the stock.
Using Revenue daily chart as example, we have found a pullback trade after the accumulation stage. Based on Volume Spread...
Revenue Berhad adalah syarikat yang menyediakan perkhidmatan pembayaran tanpa tunai.
1. Berdasarkan analisis agensi THOMSON REUTERS , Revenue Berhad diberikan rating 8/10 dari segi fundamental syarikat .
2. Pada 8/11/2018, Revenue mula melakukan 'breakout' dan menutup sesi dagangan pada harga RM1.25.
3. Indeks FBMKLCI hari ini dilihat cuba untuk...
