RHB super long term plan Reasons for hold this stock
Head and shoulder pattern completed and break out previous high
Double bottom formed confirmed the downtrend is over.
break out on $6.3 key resistance since 2016.
Super Long Term Trading >3 years
My
TP : $8.47 ( 31.17% of Capital Gain )
Annual Dividend = 6.2%
Capital Gain = 31.17%
Total Gain = (6.2% X 3)+( 31.17%) = 49.77%
SL : $5.24 ( 18.67% of Capital Loss )
Total Loss = 18.67%- (6.2% X 3 )
= 0.07% of Capital Loss
Record Stock Holding
90 Lots + 28 Lots
RHBBANK trade ideas
RHB probably long term ranging (triangle). 3/July/24RHBBank Probably in long term ranging (big triangle). Make Sure we don't want to buy at near ATH ( 6.00 +/-) while having thought that it's 1 of the highest dividend paid stock in Malaysia (7% +/- per annum). As we might lost >30% in stock price while having only 7% gain in dividends? But at RM3.98 +/- probably a good bargain price?!
<TradeVSA> Notice How the Strength is Building Up!Sign of Strength in the chart:
1. Weekly Green Pentagon with Spring & NS
2. Low Volume after Shakeout in Daily Chart
Stock to Monitor:
1. OWG
2. RHBBANK
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
RHB - Add position as MA 200 is strong supportRHB - Add position (MA 200 as strong support)
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
RHB time and price harmony RHB is a good example of Gann.
From Feb 2 it's 14 days up to Feb 16 (incidentally it's an perihelion date), and 13 days down to March 1, with retracement at 25%, then you have a March 2 bar sitting right on 50% as support .
Very good sign to go long for a swing trade. 1 week time frame.