RHB super long term plan Reasons for hold this stock
Head and shoulder pattern completed and break out previous high
Double bottom formed confirmed the downtrend is over.
break out on $6.3 key resistance since 2016.
Super Long Term Trading >3 years
My
TP : $8.47 ( 31.17% of Capital Gain )
Annual Dividend = 6.2%
Capital Gain = 31.17%
Total Gain = (6.2% X 3)+( 31.17%) = 49.77%
SL : $5.24 ( 18.67% of Capital Loss )
Total Loss = 18.67%- (6.2% X 3 )
= 0.07% of Capital Loss
Record Stock Holding
90 Lots + 28 Lots
RHBBANK
RHB probably long term ranging (triangle). 3/July/24RHBBank Probably in long term ranging (big triangle). Make Sure we don't want to buy at near ATH ( 6.00 +/-) while having thought that it's 1 of the highest dividend paid stock in Malaysia (7% +/- per annum). As we might lost >30% in stock price while having only 7% gain in dividends? But at RM3.98 +/- probably a good bargain price?!