RISKY 1:4 RATIO Today's chart analysis
Reliable data services Ltd
Microcap Company has very high risky stock
The company belongs to IT field, providing complete customized services to various banking, financial services and other manufacturing industries in the field of back office processing
Technically analysis
1) stock near-lifetime high and above listing price
2) Stock is above listing price so this can be taken as support
The chart has ascending triangle pattern
4) It takes 5 years to move above listing price
5) so now Stock have heavy potential to move to a lifelong high
6) Lifetime high 72 may act as resistance and also 63-65 level
7) above 63-65, definitely move 72.
8) below 60, take as stop loss for reaching a lifelong high level
9) risk-reward ratio is 1:4
10) very risky stock
11) no recommendation for buying and selling
12) only education purpose
