Followed up to my Post on 28th Dec 2020 regarding on Riverstones, my views and ideas on it.
Fundamental Analysis
Upcoming 2 quarters should still deliver record high profits.
High Fair Value price given by Analyst :
1) CGS-CIMB : 2.500
2) DBS-RESEARCH : 2.030
3) RHB INVEST : 2.730
4) UOB KAH HIAN : 2.990
Technical Analysis
Mentioned Strong Support at around...
Fundamental Analysis
Upcoming 2 quarters should still deliver record high profits.
High Fair Value price given by Analyst :
1) CGS-CIMB : 2.500
2) DBS-RESEARCH : 2.030
3) RHB INVEST : 2.730
4) UOB KAH HIAN : 2.990
Technical Analysis
I think the right question to ask right now is has Riverstone bottomed? From chart perspective wise, I believe Top Glove has...
View On River Stone (4 SEPT 2019)
This is going to be an another classic example of Pump And Dump.
Reaching $3 shall be easy.
DYODD, all the best and read the disclaimer too.
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Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable...
After retracing a steep 62% from it's recent swing high, Riverstone tested horizontal support at 3.52 this morning and quickly rebounded from here. With bullish divergence between price and stochastic in the making, I would long here @ 3.60 with initial stop at 3.48.
Take partial profits between 4.20-4.35 and ride the rest with a trailing stop.
(trialing stop is...
After about 2 weeks of consolidation, Riverstone formed a bullish divergence last Friday, confirmed upon the stock trading about last candle high @ 3.26 today. More upside to go. The trend is your friend!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own...
By using Trend Analysis, we can see that there is breakout in the 3 company while REX INTL is on a verge of breakout.
These share price per unit is very affordable and has great potential to raise further.
If judging the MACD Indicator (12 , 26) and Exponential Moving Average (15 , 30), all four of them are showing signs of uptrend.
We maybe able to predict that...
Ascending Triangle is a continuation (bullish) pattern.
Odds for this pattern is for the stock to break to the upside eventually. Long between 2.30-2.35 with a stop a few ticks below the lower triangle line @ 2.27. A break up is confirmed only when it CLOSES above 2.41.
Let's see if this trade will work out!
Disclaimer: This is just my own analysis and...
stock is trading near its resistance line. Depending on the movement subsequently, if it can maintain above the resistance line then can go long, else should go short. To continue to watch
We know for a fact that the coronavirus has caused pretty bad damages to the tourism industry with Disneyland and other theme parks closing down temporarily. So are airlines being forced to halt flights in and out of China. The F&B and casinos are not spared either.
So, with diseases lurking , people wants to find a cure. That started the frenzy and crazy buying...
