Thursday, August 27, 2020

Technical Analysis Aug 2020: Riverstone (SGX: AP4)

 

Riverstone Holdings Ltd 

Observation From Chart:- 

Riverstone (SGX: AP4) retrace down from $4.90 & retest uptrend support line.

Will it rebound & retest $4.90 level?
 
Other indicator:- 
MACD trading at positive region, uptrend sign. 
Stochastic %K pending trigger BUY call. 

Immediate resistance@ $4.90 level, 
If able breakout, higher high is confirm. Uptrend will resume.

Immediate support @ $3.38 level. 
Subsequent support @ $3.00 level. 

Let's watch closely.

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