Wave 2 will end soon. Potential of reversal zone for RSAWIT and starting of impulse Wave 3 MYX:RSAWIT
MYX:RSAWIT Daily trendline for RSAWIT still in control. Price can still push up before weaken.
MYX:RSAWIT Price still uptrend. Daily Trendline is still in control unless its broken to downtrend, then we can see the trend will change.
9/6/2020 ENTRY PRICE: 0.310 TAKE PROFIT: 0.355 STOP LOSS: 0.300 Rimbunan Sawit Bhd is engaged in providing farm products. The company is involved in the cultivation of oil palm and operation of palm oil mill. It also focuses on providing management services. The company is also an investment holding company. It receives maximum revenue in the form of dividend...
Earlier last month I shared on RSAWIT, one of my favorite counter that gave me 100% return last year. The fact that the plantation business are mostly depending on commodity price (in this case CPO), you can't deny to also look at how is the FCPO going now. The good thing at this point of time is that FCPO has already broke the downtrendline signalling for an...
RSAWIT Rst: 0.25 Spp: 0.215 Highlighted earlier, Thursday frenzy among palm oil counters cannot last long as the break are emerged from very narrow BB. Dark cloud cover formation may risk pulling the stock back further.
RSAWIT (High Risk) Trend: Bullish Rst: 0.20 Spp: 0.175/ 0.16 Support seems affirming at alongside MA200 (greenline in chart), with consistently healthy volume and bullish indicators. Likely to have further departure from MA200.