RSAWIT trade ideas
RSAWIT - Short Term Bearish After MACD DivergenceOpportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
Rsawit, leader in plantation, will the journey continue? Thank you for your continued support :)
Strategy: Pull Back Strategy
Short term trade.
Bias: Bullish. Retracement was observed on the pass 4 days. It then retraced and hit 0.375 before rebounded.
Interestingly, 0.375 is the uptrend line support, as well as the fibonancci 0.618 support. It opened high at 0.395 today with increasing volume. The uptrend was intact and with the theme of FCPO, the share price should have a reversal trend of short term retracement. It has broken the downtrend line today and indicating a strong momentum.
Potentially around 10% gain from RM0.410.
Support: 0.395
1st Target: 0.43
2nd Target: 0.45
Gentle Reminder: Plan your Trade, Trade your plan. Happy trading in 2020!
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RSAWIT - RECOVERY?? INITIATING A WEAK UP SIMPLE VIEW ON IT..
AFTER A SERIUS OF UPTREND *EPISODE, FOLLOW BY A BIG CORRECTION, (ALMOST 3 LVL OF R) THEN TRYING BACK TO THE INTACT WITH MEDIUM MODE AS IT APPROACHING THE 295/300 LEVEL.
BREAK THIS LEVEL OF R, WILL TREND FURTHER, AND NEED ANOTHER BEND BEFORE HISTORY REPEAT ITSELF..
IF NOT, THEN ITS JUST A HIT N RUN ; THE CONCEPT OF SELL REENTRY (BUY FOR RETRACEMENT)
LET SEE THE SENTIMENT NEXT WEEK
MODE ; MINOR UP
TREND ; UP
14 JUN MINYAK SAWITCorporate Name : RIMBUNAN SAWIT BERHAD
Symbol & Code : RSAWIT (5113)
Board : MAIN
Shariah : Shariah Compliant Compliant
Sector : Plantation
Sub-Sector : Plantation
Kaunter yang boleh dikatakan sebagai berat bertan-tan tetapi biasa menjadi peneraju di dalam sektor plantation.
support di area 0.290 - 0.260 .
resistant kuat berada pada tahap 0.34 - 0.345
longterm ialah pada 0.465
POSSIBLE LONG ON RSAWIT9/6/2020
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 income. The company operates in the geographical segment that is Malaysia.
#BAYOR
#TAYOR
perjalanan rsawit- kita banyak terima berita berkenaan harga sawit yang dijangka naik. Dari segi teknikal dengan menggunakan fibo n trendline ditambah dengan volume, kita boleh tahu pergerakannya hendak ke mana. Kita mungkin boleh bersedia di area biru tersebut untuk entry kerana entry paling hampir dengan support trendline n mengurangkan kerugian sekira tidak mngikut pergerakan prediction. Rsawit kemungkinan smart money membuat accumulation sebelum breakout resistant dan boleh menggunakan trailing stop untuk mengambil untung.
pandangan secara personal bergantung pada analisis teknikal serta rumors mengata harga sawit dijangka naik . ini bukan buy call/sell call dan admin tidak bertanggungjwab dengan segala kerugian atau dalam keadaan untung.
The new Bull Runs ?Market Watch :
Hello Malaysian traders, hoping that everybody in good health.
These company has a large of liquidity and a large cash flow. Since that the global chain market has been worsen due to pandemic.. the crude palm oil price also get infected. Since that the demand of crude oil is still there, these company still can survive.
The case almost similar with USOIL market, but these is a bit different.
For the moment now, I just keep on my eyes on this market price. If there signals, Long positions will be in positions.
Thanks.
RSAWIT - The King of SawitThis company has given me almost 100% return in Q4 2019 when the crude palm oil spike high. It has high correlation with CPO price so monitor closely as the CPO will directly impact their revenue.
Now that the price of CPO lingers around the support at 2.2k, and the charts looks good to enter the buy position with observable resistance level.
I kinda like buying the dip when everything falls just right at the support line as my risk:reward ratio is better here. Its just that we need a holding power, waiting the price to go up and broke the resistance. By then you will know that you are in the ship riding the wave.
Recently, the opening of 18 Sabah oil palm private jetties will enable the palm oil to be sold again from the state. www.theedgemarkets.com
{SWC}——RSAWIT, Momentum Continuation?Thank you for your continued support :)
Strategy: Consolidation Breakout Strategy
Bias: Bullish. Today RSAWIT broke out from the consolidation resistance 320 zone. Two days ago, recovery of plantation sector was already spotted and given the signal to all members in private group. Today members took profit during the big spike :)
SWC expects the momentum might be continued as to further challenge the immediate neckline resistance, which acts as the same Bollinger Mid Band.
Currently, RSAWIT share price has accurately closed at the MA zone, at the same time, the downtrend line resistance zone.
S: 340 320
R: 375
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