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READYTECH HOLDINGS LIMITEDREADYTECH HOLDINGS LIMITEDREADYTECH HOLDINGS LIMITED

READYTECH HOLDINGS LIMITED

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RDY trade ideas

RDY @ 9 NOV 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 4 Nov (red arrow) -> suggested waiting for a retracement and a successful rebound - Since then, the stock has retraced to test the psychological support at $4 levels - Personally, I would prefer a retracement back to the short-term support so that there is a better setup for entry - If the stock doesn’t retrace further, a successful rebound would be around 4.20 levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with a strict 10% entry
ASX:RDY
by Jerm88
RDY @ 4 NOV 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 26 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound - Since then, the stock did not have a strong retracement but instead has broken through the psychological resistance at $4 levels - On 12 Oct (blue arrow), I also suggested entry at 3.50 levels which has seen the stock increase almost 20% since - Price is currently too far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:RDY
by Jerm88
RDY @ 26 OCT 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 21 Oct (red arrow) -> suggested waiting for a successful rebound around 3.80 levels before plotting entry - If you have taken the suggestion, today’s price action would have provided gains of almost 4% - On 12 Oct, I also suggested entry at 3.50 levels which has seen the stock increase almost 13% since - Price is currently too far from the short-term support - Potential psychological resistance at $4 levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:RDY
by Jerm88
RDY - 21 OCT 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 12 Oct (red arrow) -> suggested entry at 3.50 levels is believe the stock can form a new all-time high - Since then, the stock rose 10% to create a new all-time high before retracing to the 3.60 resistance-turned-support (orange line) - A successful rebound would be around 3.80 levels - Personally, I feel another test of the short-term average would be better for the health of the trend - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:RDY
by Jerm88
RDY @ 12 OCT 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 6 Oct -> suggested waiting for successful rebound at around 3.50 levels before plotting entry - Since then, the stock has nicely rebounded to form a doji today at 3.50 - The strong volume on 8 Oct bodes well for the short-term momentum of the stock - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock is capable of forming new all-time highs
ASX:RDY
by Jerm88
RDY @ 6 Oct 2021Text me if you have any questions/comments for me. ----- RDY - First time doing a written analysis on RDY - Currently trading near all-time high regions - Uptrend started to form since end-March 2021 - Stock is outperforming the market -> Recent market downtrend has not affected the stock - Current test of the short-term support looks to provide another opportunity for entry - A successful rebound look to be around 3.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:RDY
by Jerm88