no worry yet. just minor correction. spt .79 n .75. also take note, bonus issue soon might push it up.
Buy signals have been spotted for Malaysia stocks MYX:SAMCHEM , MYX:SAMAIDEN and MYX:RL (Reservoir Link Energy). Will the bonus issues of shares and warrants act as a catalyst? In this video, you will find out how to participate these strong momentum stocks before the explosive move happens.
very strong momentum. red chips 100% giving me even more confidence that it will ignore the overbought status. as long as rl stays above 75c, rm1 is not a dream.
Be cautious as the overbought condition is seen on both RSI and Stochastic.
RL has broken through resistance level at 0.4 and a valid downtrend line, signify bullishness. The price is correcting at current resistance zone and might be rising further to 0.6. A strong bullish movement could push the price higher to 0.72. FA is good, however declining. Disclaimer: The content on this analysis is subject to change at any time without...
The most of strongest Momentum wave - Golden Wave (impulse) Criteria : * Minor wave 3 in 3rd impulse major Elliot Wave * Strong Bullish Momentum volume unusual * Steepness of a trend line increases from 45% to 70% deg * Strong Break in bar retracement symmetry leading to a change in trend behavior * Bullish gap up price action
Monitor for the stock to have uptrend catalsyt.
Trading Idea RL (13/01/2020) Entry: 0.42/0.43 Target: 0.455/0.49/0.525 Stop Loss: < 0.385 (based on closing) Investment Period < 1 month Disclaimer: The above trading idea is intended for informational purposes only so please do your own analysis before making any investment decision.