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...
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.
======================================================================================
I am a profitable trader, here is the watch-list for Bursa Malaysia Market.
-TGL Engineered Excellence-
MYX:RGTBHD
Last week (27/11/2020) RGTBHD closed at the Uptrend line support level. It is very interesting for us to wait and see next week to ensure the Validity and strength of the support. We can say that RGTBHD is doing a "correction" of the price at around RM 0.610 - RM 0.615. Thus, it clearly shows that it is a healthy price uptrend.
If there is a rebound...
RGTBHD
Rst: 0.515/ 0.54
Spp: 0.48
Consolidation stage, probably ripe for rebound but this can only ride for quick trade as liquidity is low and BB is narrow.
Another add to MYX:SCOMNET with nice trendline is MYX:RGTBHD .
The trendline is good.
Slow Stochastic is crossing up the fast.
EMA20 on top of EMA50, on top of EMA200 - trending nicely.
It is quite safe to enter at market open or to confirm at 0.49.
