Followed up to my Post on 28th Dec 2020 regarding on Riverstones, my views and ideas on it.
Fundamental Analysis
Upcoming 2 quarters should still deliver record high profits.
High Fair Value price given by Analyst :
1) CGS-CIMB : 2.500
2) DBS-RESEARCH : 2.030
3) RHB INVEST : 2.730
4) UOB KAH HIAN : 2.990
Technical Analysis
Mentioned Strong Support at around 1.11 area on 28th Dec 2020, my own view of 1st Major Resistance Point is around 1.41-1.44. Can Take Some Profits to Protect Capital. However, fundamentally, remain extremely strong. And personally believe will towards 2nd Major and 3rd Major Resistance.
Fundamental Analysis
Upcoming 2 quarters should still deliver record high profits.
High Fair Value price given by Analyst :
1) CGS-CIMB : 2.500
2) DBS-RESEARCH : 2.030
3) RHB INVEST : 2.730
4) UOB KAH HIAN : 2.990
Technical Analysis
Mentioned Strong Support at around 1.11 area on 28th Dec 2020, my own view of 1st Major Resistance Point is around 1.41-1.44. Can Take Some Profits to Protect Capital. However, fundamentally, remain extremely strong. And personally believe will towards 2nd Major and 3rd Major Resistance.