Ranhill Analysis 14.6.23 Potential Long
Updated
Potential Bottom Fishing for Ranhill. Price dropped to fib level 0.382 at price 0.52 After dividend payment. Looking technically; MFI above 50% and volume to start kick in indicates price trying to push up.
A possible re-entry at 0.52 and low risk traders can exit in short TP. High Risk High Reward traders can hold till TP 0.8.
Not a buy/sell call. DYOR.
A possible re-entry at 0.52 and low risk traders can exit in short TP. High Risk High Reward traders can hold till TP 0.8.
Not a buy/sell call. DYOR.
Trade active
Short TP hit target at Rm 0.54. Holders can hold for longer TP but please do a risk management before any decisions. Technically, volume has been softened and that could be indication that price could drop. However, still believe this counter will go further up.
DYOR.
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