Renewi bought with very tight stopsIv just bought renewi
Set up looked good, nice volume
Very tight stops risking under 3%, will either get stopped out quickly or hopefully turn a quick profit
RWI trade ideas
Impressive Fibonacci channel correlationThe channel is drawn by three extrem points - however there is a big bunch of lows ending at the first Fibonacci line.
Renewi LONG termHello all,
Here another TA of me, this time on the stock RENEWI.
Its a very interesting company, i would advice you to dive in the fundamentals for further information. I will just show the possibilities with TA.
Everything you need to know, when it comes to TA, I've put in the chart. In sense of risk reward ratio, this stock might be a very good one to gain a good profit. When it goes back to his latest high, pre COVID, there is almost 60% profit possible.
Personally i like to buy and hold stocks, specially dividend stocks. In this case this stock doesn't yet give dividend but i do see a lot of potential profit just by the current price and the signals that are hidden in the chart.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.
This is just my view and opinion and in the end you always decide for yourself .
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)
Long term Buy for RWIDear All,
Technical: Following the recent increase in the share price of RWI, we se that the price has formed a bottom near 18, and since then is made a rally to 27. We see in the chart there is a bullish cross near 25.
Fundamental: Since Last September, there have numerus news regarding RWI future, more importantly that it is expected to post a net profit in the financial year end 2019 or 2020, with the last net lost is in 2018.
According to analysts, the price intrinsic value is around 50.
One thing I would like to bring into light with RWI is its debt-to-equity ratio of 153.11%. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, and RWI has considerably exceeded this. A higher level of debt requires more stringent capital management which increases the risk in investing in the loss-making company.
I am buying now and target price is 45-55.
SL can be placed at 17.
All the best.
