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Saturday 28 May 2016

RGB - at where you look at it?

In the chart, there is a hidden or invisible line you need to feel for it. How to feel it is determine by at where you fee it. The line aim the bull described in 3 simple term.

1. Uptrend line (a buy )

2. Down trend line ( a sell )

3. Flat line ( monitor )

From the mountain (5 years chart), actually you can see RGB is moving at uptrend line with big swing gap. Now is at bottom 0.16. The next new high aim the bull forecasted above 0.20 - 0.25 as to move along the uptrend line, this has to be created. If not the uptrend line is game over. 

With recent good financial performance and expected coming good result, yes, my feeling it is will likely to happen. In term of margin of safety, yes, I am not buying at peak but at bottom as I feel.

If you standing on the ground (3 months chart), you will only see a piece of picture (a flat line movement) but not a full picture. Therefore, where is your standing to view is a key of success.
The invisible line only able to detected if you standing on the top of mountain. I am not asking you to climb up mountain and take a look. :). So, go up and feel it the fresh air and nice big picture with aim the bull... imaging it.

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