Potential Low Risk Stock Trade Idea – RanHill (5272.KL)

Smart Money is flushing out the weak-hand holders out of RanHill again. Notice the bar on 24 Occtober, the price broke below support at RM0.985 and subsequently close above the support level on 29 October.

Based on the daily chart, Smart Money still interested to support and push the price above resistance level despite bearish market for last 3 weeks in KLCI. Smart Money is ready to re-test the resistance level at RM1.06 by pushes above the UT (sign of weakness) bar.