RIVERSTONE Stock Code AP4.SGX
Outlook
Price could have formed a possible bottom at S$0.855. It moved and closed above the middle Bollinger band, aka the 20-day moving average. MACD is rising. These could increase chances of the stock price moving higher.
Strategy
S$0.885 Buy
S$0.990 Price Target
S$0.850 Risk Management Stop
3 weeks Trade Duration
RIVERSTONE Stock Code AP4.SGX
Outlook
The chart outlook remains bullish as price is trading above the cloud. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. MACD is bullish and a bullish crossover is likely. These could increase chances of the stock price moving higher.
Strategy
S$0.810 Buy
S$0.920 Price Target
S$0.785 Risk Management Stop
3 weeks Trade Duration
Riverstone Stock Code AP4.SGX
Outlook
After reaching a high of $1.13 on 18 March 2022, price went into a correction. The correction managed to stay above the cloud and was support by the Conversion line and Base line. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. We think price is likely to move higher to $1.13, in the next 2-3 weeks.
Strategy
$0.990 Buy
$1.13 Price Target
$0.920 Risk Management Stop
3 weeks Trade Duration
RIVERSTONE Stock Code AP4.SGX
Outlook
Price broke above the cloud on 25 January 2021 but was unable to sustain above the cloud and declined to a low of $1.33. This is also the Fibonacci 50% correction point of the rally from $1.07 to $1.59. The pullback may have ended at the low and price could be heading higher to $1.55 again. Conversion and Base lines could see a bullish crossover soon. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bullish and the fast line is turning up from near the zero line, hinting of a price rally ahead.
Strategy
$1.40 Buy
$1.54 Price Target
$1.31 Risk Management Stop
3 weeks Trade Duration
