RDY - 21 OCT 2021
Text me if you have any questions/comments for me.
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RDY
- Previous analysis was done on 12 Oct (red arrow) -> suggested entry at 3.50 levels is believe the stock can form a new all-time high
- Since then, the stock rose 10% to create a new all-time high before retracing to the 3.60 resistance-turned-support (orange line)
- A successful rebound would be around 3.80 levels
- Personally, I feel another test of the short-term average would be better for the health of the trend
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
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RDY
- Previous analysis was done on 12 Oct (red arrow) -> suggested entry at 3.50 levels is believe the stock can form a new all-time high
- Since then, the stock rose 10% to create a new all-time high before retracing to the 3.60 resistance-turned-support (orange line)
- A successful rebound would be around 3.80 levels
- Personally, I feel another test of the short-term average would be better for the health of the trend
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
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