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Riverstone - Ascending Triangle PatternAscending Triangle is a continuation (bullish) pattern. Odds for this pattern is for the stock to break to the upside eventually. Long between 2.30-2.35 with a stop a few ticks below the lower triangle line @ 2.27. A break up is confirmed only when it CLOSES above 2.41. Let's see if this trade will work out! Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
SGX:AP4Long
by Juliac
Look at the "indispensable" stocksCome this Friday , 19 June 20, Singapore will enter into Phase 2 of its economy reopening. The major news would be shopping malls will be reopen to the public once more. Will there be a r evenge shopping frenzy like we see in China ? If the footfalls is likely to increase too in SG, then the rate of shoppers hopping on to the taxis will be high, giving a much needed boost to the transport business. Not forgetting , there are many retail staff in brick and mortar shops returning to work, these group too will be taking taxi as well. This is more of a long term investment rather than short term trade. Plus, the dividend is good for passive income as well.
SGX:C52Long
by dchua1969
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