Whatever at too, will down. Shall we catch the falling knife ? Some traders will, but some won't.
Over here, we unable to go for short, only can long. Know your market and trade accordingly.
>> 24th January, price start down, stochastic and RSI both are DC.
>> After that, stochastic is at OS area for couple days (until now). Some will argue that it's good to...
RCECAP price has reached all time high. Dividend payout will be on 14.6.23 for 7cents per share. Quite a good dividend payout. Qtr report are favourable with 34.8M profits.
However, each time a dividend payout, price will drop significantly. Long term Traders can buy now to enjoy the dividends. Can average down if price drops.
Short term trader, can wait until...
RCE Capital BHD
CMP:-1.870
After a long uptrend last week this counter is expected to continue this trend this week with some news release.
recently broke the resistance point of 1.850 and is expected if breaks the next resistance point of 1.900 will make an high of 2.000 can be considered for long term buying
The Relative strength index (RSI) is at 78.03
Price currently been trading in phase C with the confirmation of spring and retest with low volume.. this indicate that supply have been dry out..
With change of character (CHoCH) in phase B, gave me a Re-accumulation structure. and also indicate minor sign of strength.
Interestingly this resistance level 1.950-1.954) ;
Representing 52WH and ATL, if able to...
Took almost 14 years to break this super resistance with confidence.
However, volume is not telling any exciting story. First time in these 14 years, the big spike in price is not accompanied by the volume.
RCECAP
Trend: Bullish
Rst: 1.78/ 1.85
Spp: 1.73
Bullish breakout with widening BB, and the bullish crossover in MACD will bring further trading interest. This stock can trend higher. Only concern is low liquidity.
View On RCE CAP BHD(25 Feb 2019)
It is in a decent bull trend and it shall "easily" retouch 1.715 again. The other tgts are 1.775 and 1.855.
So far, we do not see signs of bearishness just yet.
DYODD, all the best and read the disclaimer too.
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