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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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sting93
Member |
05-Jan-2021 17:03
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haha agree with you bro Zandlery need to wait and see.  As of this point, I don' t think it will dip to $1 per Sparrow call. Over the past few weeks/months, RS tested 1.05 twice forming a strong base for a change of trend, coupled with the decrease in selling volume day by day which my in own interpreatation signify lesser and lesser interest to sell this counter. Yesterday and todays significantly high volume signify the return of the buyers.  As of this point, 1.00 a very slim chance of happing I think. 
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zandlery
Supreme |
05-Jan-2021 16:39
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Not saying TA is redundant. Just saying Sparrow saying of downtrend from the chart could be only reflecting what' s going on before the turn. It been only the 2nd trade day after new year. TA based on couple of days can be very inaccurate from what I see. Actually just trying to find meaning on his/her call instead of I believe some deem him/her a fearmonger
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cucina
Master |
05-Jan-2021 15:26
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Thanks Bro.  Think u vested long too!  Congrats!
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fatpanda
Supreme |
05-Jan-2021 15:22
Yells: "Another wonderful day!" |
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Bro, Don' t underestimate TA, It coudl survive for hundred years beause it is a proven technique. Otherwise, TA has already gone with Dyansaurs liao.... Hehehe...... Don' t front run the trend, like catching the falling knife because it hurts most of the time.... " The trend is your friend" .
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oli007
Member |
05-Jan-2021 15:22
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Added a bit more to DCA, the price down a bit | ||||
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fatpanda
Supreme |
05-Jan-2021 15:19
Yells: "Another wonderful day!" |
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Hmmmm..... " Noise" bo liao? Hehehe....  | ||||
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fatpanda
Supreme |
05-Jan-2021 15:06
Yells: "Another wonderful day!" |
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Sis, Good afternoon. You looked quite excited. HUAT big big huh? Hehehe.... Congrat!  
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cucina
Master |
05-Jan-2021 14:50
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Bro Panda, yes please!  Gum Xia
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fatpanda
Supreme |
05-Jan-2021 14:35
Yells: "Another wonderful day!" |
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Wow! Here discussing about  the charts and TA... need help from Kah Poh Panda? Hehehe..... |
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zandlery
Supreme |
05-Jan-2021 12:43
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He/She could be really based on TA but something to note, the trend just turn after new year and TA on this short timeframe are almost inaccurate to tell anything. That' s why hardcore TA don' t profit as much because the analysis they based on will always lag behind a trend turn just to be sure......
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sting93
Member |
05-Jan-2021 12:33
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Sparrow have u shorted? Always trying to get ppl to sell (regardless of good or bad news).  ![]() No more moral arugment today?
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Ichimoku
Senior |
05-Jan-2021 11:58
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Technical charts are lagging indicators. U can simply read and interpret them directly. U need to add in an unknown variable (k) into the chart to read them correctly. Nowaday, most of the trade are done by algorithm computized trading. Human interference in stock trading is already out-dated in the 21st century.
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wavehunter
Supreme |
05-Jan-2021 11:48
Yells: "Trade what you see, not what you hope to see." |
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If monkey comes back or Tua Phows come back, then yes. But if only small retail bulls, then keep an eye on those resistance levels and volume. .
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Ichimoku
Senior |
05-Jan-2021 11:42
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I think U see your charts up side down. Most of my technical charts show there is a trend reversals in the stock markets around the world. Inflation is creeping up and covid-19 cases is moving up very fast. The only asset worth investing in are Gold and gold miner like CNMC Goldmine and listed Glove-making company.  All the prices of of so-called recoverable stocks are already fully inflated. The above-mentioned situation is going to change within this month.
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Fluffyclouds
Master |
05-Jan-2021 11:17
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Really meh? Its looks good for daily and weekly.  Not vested on RS, but on UG and MT. I think its gonna be another rally though.
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Sparrow999
Senior |
05-Jan-2021 11:08
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This could also be the final wave before its sell down below $1. I see its TA is on downtrend leh
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alpine
Senior |
05-Jan-2021 11:01
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Dear Readers just for guidance, 206K shares by shortists on Riverstone were caught short yesterday. Suspect many shortists from 28 Oct 2020 to date are still open short on borrowed shares. Looks like from Pattern Recognition, TG/Harta/Supermax/Kossan all have their 5TH WAVE down SHORT TERM CYCLE completed with a "TERMINAL THRUST IN A TRIANGLE" which I call this 5th DOWN WAVE, an ENDING WAVE after all the negative news like Vaccine Rollout, Dormitory Issues and Selling Ban Lifted Yesterday which exacerbated the irrational downside fall in all gloves counters except for some SAFE HAVEN COUNTERs like STGT and Riverstone which are not affected by some of the above news events which now will probably portend a strong recovery in their share prices moving forward. But have to say, all existing Branded Msian Gloves counters mentioned above will also enjoy recovery in their share prices. Medium to Long Term strong hands astute investors still staying invested will probably benefit from strong earnings visibility for the next few quarters in 2021. | ||||
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NT1825
Master |
05-Jan-2021 10:35
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RS can rise back when investors recognize value against irrational fear, mostly not backed by facts/ numbers. Zhaobao analyst probably right to target price RS at 2.6x A good wake up call to short sellers, to cover their positions. |
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Battle123
Elite |
05-Jan-2021 10:32
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wah jin power leh   |
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wavehunter
Supreme |
05-Jan-2021 10:25
Yells: "Trade what you see, not what you hope to see." |
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Bulls managed to run past the Bear goalkeeper at 1.21. Next bear goalpost to tear down is 1.28.  .
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