Bullish potential detected for RGN

19 Apr

Entry conditions:
(i) higher share price for RGN along with swing up of indicators such as DMI/RSI, and
(ii) observation of market reaction at the potential resistance level at $2.23 (from the open of 10th April) after closing above 50 day and 200 day MAs.

Stop loss for the trade would be, dependent on risk tolerance:
(i) a close below the 50 day moving average (currently $2.11), or
(ii) below the support level from the open of 13th January (i.e.: below $2.06), or
(iii) below the support level from the open of 17th March (i.e.: below $2.03).

19 Apr

Dagangan aktif

UPDATED (week ending 17-Apr): Trade originally detected at end of week ending 11th April when share price had closed above 200 day MA on 10th April; trade activated on 14th April with DMI and RSI swinging upwards, although it should be noted that volume is mediocre and there appears to be a bit of trouble breaching the potential resistance level at $2.23 (which carried on throughout the remainder of the week). Watch and observe...

25 Apr

Nota

UPDATE (week ending 24-Apr): Share price action managed to overcome the potential resistance level noted in last week's comment, with the charts suggesting the opportunity to raise the stop loss comfortably to either under the 50 day moving average (currently $2.12) or the 200 day moving average (currently $2.19), depending on risk tolerance.

3 Mei

Nota

UPDATE (week ending 02-May): A terrific week of price action for RGN well past the prior resistance area of $2.24 from the open of 28th November 2024 now suggests from the daily charts to raise the stop to a protective stop just under this area (since this area hasn't been tested from the upside as yet as a support zone). For those more risk tolerant, consider maintaining the stop just below the 200 day moving average (currently $2.19). Trade now moved to 'further bullish potential'.

5 hari lalu

Nota

UPDATE (week ending 09-May): Another upward trajectory week for RGN allows the charts to suggest raising the profitable stop to levels based on prior resistance areas. Depending on risk tolerance, profitable stops suggested by the charts include areas just below (i) $2.24 from the open of 28th November 2024, as noted last week, and (ii) $2.31 from the open of 21st October 2024.