{SWC}——RSAWIT, Momentum Continuation?
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Strategy: Consolidation Breakout Strategy
Bias: Bullish. Today RSAWIT broke out from the consolidation resistance 320 zone. Two days ago, recovery of plantation sector was already spotted and given the signal to all members in private group. Today members took profit during the big spike :)
SWC expects the momentum might be continued as to further challenge the immediate neckline resistance, which acts as the same Bollinger Mid Band.
Currently, RSAWIT share price has accurately closed at the MA zone, at the same time, the downtrend line resistance zone.
S: 340 320
R: 375
If you find this idea helpful, dont hesitate to drop us a like and welcome to comment below! :)
Strategy: Consolidation Breakout Strategy
Bias: Bullish. Today RSAWIT broke out from the consolidation resistance 320 zone. Two days ago, recovery of plantation sector was already spotted and given the signal to all members in private group. Today members took profit during the big spike :)
SWC expects the momentum might be continued as to further challenge the immediate neckline resistance, which acts as the same Bollinger Mid Band.
Currently, RSAWIT share price has accurately closed at the MA zone, at the same time, the downtrend line resistance zone.
S: 340 320
R: 375
If you find this idea helpful, dont hesitate to drop us a like and welcome to comment below! :)
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