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Reliance Worldwide Corp. Ltd.
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Potential outside week and bullish potential for RWC

80
Entry conditions:
(i) higher share price for RWC above the level of the potential outside week noted on 25th/26th June (i.e.: above the level of $3.91).

Stop loss for the trade would be:
(i) below the low of the outside week on 23rd June (i.e.: below $3.46), should the trade activate.
Dagangan aktif
UPDATE (week ending 03-Jul): Trade activated on Tuesday 30th June, albeit on low volume, with share price bouncing off short-term moving averages towards the end of the trading week.
Nota
UPDATE (week ending 10-Jul): Lower highs and lower lows formed on the daily chart respecting the short-term moving averages to the downside. Share price is currently still respecting the 200 day moving average to the upside for anyone wishing to remain in the trade.
Nota
UPDATE (week ending 17-Jul): Share price continues to respect the 200 day moving average at the present time, now also respecting the short term moving averages of the 8 and 15 day EMA's to the upside. Caution still warranted - consider raising protective stops to a level beneath the recent swing lows to minimise risk.
Dagangan ditutup: hentian tercapai
UPDATE (week ending 24-Jul): Caution noted in last week's comment was certainly warranted, with recent swing lows violated on the daily chart in this past week's trade - protective stop triggered and trade closed out.
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Juga pada:
ASXasxlongbuildingChart PatternsTechnical IndicatorsmanufacturingoutsideweekRELIANCEreliance_worldwideRWCSupport and Resistance

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
ASXasxlongbuildingChart PatternsTechnical IndicatorsmanufacturingoutsideweekRELIANCEreliance_worldwideRWCSupport and Resistance
Ivory_Wolf
Join the socials here:

ivorywolf.start.page/ (Facebook / Telegram / YouTube)

Like/join/subscribe for the latest stock/crypto coverage!
...
Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.