Trading Idea RGTBHD (17/6/2021)
- EMA crossed-over with volume
- Support and resistance as drawn.
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
As we can see the candle seems like losing the momentum (candle become smaller). Possible for long if there are reversal candle or double bottom form at support area. SL if break support and TP at nearest resistant to be safe.
Sambil2 menatapi kehijauaan alam BSKL hari ni, kita selalu dikejutkan oleh sesuatu yg tak disangka..sering kali mendatangi kita..
Itukah suratan dalam kehidupan atau hanya satu kebetulan..sama sama kita saksikan..
1) BTST - TP as per stated
2) Wait for another retracement inisde the zone and ride the dead cat bounce - Short Trade
This company have a good fundamental.
Quarterly report is profitable, cash flow is good, making net profit, balance float is lesser than 30%.
In technical, I will wait at possibly 0.475 and 0.425 which I expect it will rebound 200MA.
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...
Selling pressure dah habis dan hari ini memulakan kenaikan semula. Harga close diatas EMA9.
Banker chip full, MACD diatas 0.000 menandakan masih dlm bullish momentum, dan Stochastic menunjukan berada dalam keadaan oversold.
Masih cantik mengikut ayunan trendlinenya, dijangka akan terus membuat pendakian esok.
My View , by looking at the chart, RGTBHD (TF DAILY)
- uptrend mode, direction UP (ride til bend (lifeline on 3 redlines)
- now retrace to nearest Support, in this trade idea is the EMA7(S1), EMA21(S2) and last at the LIFELINE (3 layer or red EMAS)
- the price relatif (indicator below) also on retrace and currently have stayed for a long time at top.
RGT Bhd. operates as an investment holding company. It engages in the manufacture and sale of plastic parts and products. The company was founded by Seng Hong See and Seng Lai See on May 27, 1981 and is headquartered in Bukit Minyak, Malaysia.