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...
