RGTECH - techno, software21.07.20
Index SPX/IXIC/KLCI>MA20>MA50>MA200
Volume 2.34M/ avg 8.06M
Price/MA:
(W) MA20>CP>MA50>MA200
(D) CP>MA20>MA50>MA200
ML 12.06.20
Stage 2
Pattern Ascending triangle (neutral)
Candle & tail short UT on 20.07.20
Strategy
1. Breakout DUT
2. If able to breakout MA20 is better
FA
1. Rev/NP/EPS decreasing
2. Previous QR increasing
Trading Plan
1. when to buy
if CP breakout DUT (0.34)
even better if CP breakout MA20 (0.345)
2. when to sell
if CP below MA50 (0.325)
3. when to not buy
4. when to not sell (when to hold)
as long CP maintain above MA50
EP 0.345
CL 0.325
RGTECH trade ideas
STOCK TRADING : 14) radiant globaltech- top 20 jewel series of mTHIS IS TRADE 104) FRM HAIDOJO TRADING...
-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
RGtech was in downtrend since its IPO in 2018 till mid 2019…it hit the RM0.20 low…that price was hit again in the “Great Fall” during mid-March this year…recently, a new structure high has been formed and most likely the RM0.385 high will be broken soon…we expect RGtech to break abv RM0.40 in order to continue its new price high…
current support : RM0.34-0.28
strong support : RM0.20
resistance : RM0.38-0.40
Overall, RGtech is in sideway or consolidation…it needs to break abv the RM0.40 in order to confirm a consistent uptrend…
WARNING : this is juz a trading idea...trade at your own risk!
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RGtech habis fasa oversoldRgtech berjaya memecahkan accending triangle, tetapi volume belum cukup untuk menolak harga keatas,kurangnya minat belian disaat Monday blues,dan kejatuhan DJI pada jumaat lepas. Tetapi harga telah menemui support dan stoch oversold menandakan pembuangan harga telah berakhir.
RGTECH-Kaunter Untuk InvestKaunter di sektor teknologi dalam sub-sektor Digital Services. Dari segi FA, agak baik cuma dividen yield sahaja yang kurang.
P/E Ratio: 30.19
ROE (%): 8.76
Profit Margin (%): 6.8
Number of Share: 525.20 m
Kajian RHB telah memilih kaunter ini sebagai salah satu antara 20 kaunter dengan prospek pelaburan jangka sederhana dan panjang.
Fair value kajian RHB adalah disekitar RM 0.38 - RM 0.52.
Dari segi TA, harga sedang uptrend dan mencatatkan pattern zig zag yang sihat. Pergerakan harga juga dalam lingkungan uptrend parallel channel.
Harga juga berada di atas MA20, MA50 dan MA200. Potensi untuk entry semasa pullback.
Support: 0.305
Resistance 1: 0.350
Resistance 2: 0.390 (52 weeks high)
<TradeVSA> RGTech breakout from PullbackStrength in the chart:
1. Mark-up stage
2. Narrow spread bars low volume
3. Line change high volume
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Completed the Shakeout in Accumulation by RG TechStrength in the chart:
1. Shakeout at the bottom
2. High volume line change
3. Accumulation stage
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock