Monday, June 29, 2020

Riverstone - continuation rally breakout

Recall  we had a breakout call for Riverstone on 8 may , when it was hovering around 1.20-1.30

Since then , rubber glove companies from Malaysia had had a super run such as this stock and many others , top glove which we also made a breakout call  , supermax etc 

Riverstone has made a impressive move from 1.30 to 2.45 where it rested for good 4 weeks ( see below) . Now riverstone is ready for the next leg of rally as latex gloves are still in great demand due to expanding Covid waves and production ready vaccine is still nowhere in sight. this rally should bring us to around 4.00 - 5.00

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