Riverstone
Riverstone Long Towards 1st Targetted ResistanceFollowed up to my Post on 28th Dec 2020 regarding on Riverstones, my views and ideas on it.
Fundamental Analysis
Upcoming 2 quarters should still deliver record high profits.
High Fair Value price given by Analyst :
1) CGS-CIMB : 2.500
2) DBS-RESEARCH : 2.030
3) RHB INVEST : 2.730
4) UOB KAH HIAN : 2.990
Technical Analysis
Mentioned Strong Support at around 1.11 area on 28th Dec 2020, my own view of 1st Major Resistance Point is around 1.41-1.44. Can Take Some Profits to Protect Capital. However, fundamentally, remain extremely strong. And personally believe will towards 2nd Major and 3rd Major Resistance.
Riverstone Long at Major SupportFundamental Analysis
Upcoming 2 quarters should still deliver record high profits.
High Fair Value price given by Analyst :
1) CGS-CIMB : 2.500
2) DBS-RESEARCH : 2.030
3) RHB INVEST : 2.730
4) UOB KAH HIAN : 2.990
Technical Analysis
I think the right question to ask right now is has Riverstone bottomed? From chart perspective wise, I believe Top Glove has hit major Support Area. I would like to treat Support/Resistance as an Area rather than a Line.
We could see further downside pressure if it breaks therefore cut loss is important. I used Low of the Strong Support 1.06 - 1 ATR (0.07 for the date i drew the graph) = 0.99 (My Stop Loss Point)
RiverStone SGX (Pump And Dump, SG Style)View On River Stone (4 SEPT 2019)
This is going to be an another classic example of Pump And Dump.
Reaching $3 shall be easy.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.