RHE 109% rise ahead. The analysis shows that the RHE is strengthening with impulse momentum. Based on my previous analysis, I continue to expect this form of movement. The red coloured rectangle shows that the correction and also the accumulation phase has taken place. Therefore, I expect another upward impulse wave to form in the coming weeks. If we look at the expected move using fractal analysis, we can see that a double(2x) fractal is forming. In the first couple of days of the next week, I expect a sideways move, followed by a renewed impulse strengthening. The "amplitude" of this could be twice the size of the original fractal seen in the analysis. Next target price : 15.23 usd
New trader here. Monday at opening price of 5.05 should I enter? May hit 15.23 as predict?
meszaros
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@DORNGO70,
A good entry point is always determined by the risk-return trade-off. The suitable return risk is influenced by the time spent in the position. If you buy shares as a medium-term investor, it is advisable to enter on a Monday. If you are a day trader or a short term trader (3-5 days) it is advisable to wait for a correction and enter at the bottom of it.
DNinvest
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Thanks Sir. I bought and gain 1k. Which is happy. Hope I can delivery a meal for you. Haha. I'm from Singapore. Thank you so much. By the way Sir, you analize if tomorrow I can in again or better not? I need to sleep now, Singapore midnight 12am.. I sold RHE when it went to 11.20. I am worry it got stuck like SOS.