RLOur algorithm has identified potential upward signals in the current market. Increased trading volume and prices above the EMA20 and EMA50 suggest a possible upward trend.
💡Trading idea dan plan:
✅Entry: 0.33
🛑Stop Loss @SL: 0.29
🎯Target Price @TP1: 0.37
🎯Target Price @TP2: 0.415
🎉Target Price @TP3: 0.455
(This trading plan is for reference only and may vary based on your entry point and risk tolerance.)
Remember, trading strategies are just 10-20% of your overall success. The real key lies in effective risk management. Having a solid trading plan and proper position sizing are crucial for maintaining the right trading psychology. Master your risk management and stick to your plan.
Happy trading!
RL trade ideas
RL Buy, possible return +10%+Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 0.31-0.315, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
expecting it can break the resistant level 0.34-0.35, and reach 0.38
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
RL, uptrend line able to support?>> Hull MA turning red.
>> Negative divergence is there.
Maybe day trader think it's still has opportunity. But for swing... Not that convincing (for this moment).
Will this parallel channel able to support it? Or pullback will take over?
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
CHEAT SETUP RLA fundamentally sound company.Still a new company.Has been hits hard before,now set up again.previous 2 quarter reports showing improvement in sales and profits.Currently price just break horizontal line of cheat setup with high volume,and close above 200day moving average.Let see if it can buckle up again
Resevoir Link complete Wave 1 or ABC?Here, I assumed that it is starting Wave 1 after completion of ABC, may do some retracing to 0.520/0.525, it may rebound to Wave 3 for a higher price (0.855-0.89) in a midterm between 3 - 6 months. With a good QR this year 2021 and YoY revenue, it may moving up with the Oil price sentiment
RL MORE UPside. wait for retrace to EPRL looks like making a Cup&Handle Pattern.
if retrace happen, the handle will be formed.
i predict that 0.530 is good support area before it shoot to the Moooooon haha
first TP after break would be 0.750 for me (as Close the Gap). others u can find on your own.
To be consider, this is just a sharing idea. any risk is depend on your Trading Plan.
T.A.Y.O.R
RL created the Head and Shoulders patternGap at : 0.735
RL has created the Head and Shoulders pattern. It is likely that the price will go down first.
Target at : 0.400
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
#TAYOR
Buy Signals for Malaysia Stocks Samchem, Samaiden, RLBuy signals have been spotted for Malaysia stocks MYX:SAMCHEM , MYX:SAMAIDEN and MYX:RL (Reservoir Link Energy). Will the bonus issues of shares and warrants act as a catalyst?
In this video, you will find out how to participate these strong momentum stocks before the explosive move happens.