Text me if you have any questions/comments for me.
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RDY
- Previous analysis was done on 4 Nov (red arrow) -> suggested waiting for a retracement and a successful rebound
- Since then, the stock has retraced to test the psychological support at $4 levels
- Personally, I would prefer a retracement back to the short-term support so that there is a better setup for entry
- If the stock doesn’t retrace further, a successful rebound would be around 4.20 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with a strict 10% entry
-----
RDY
- Previous analysis was done on 4 Nov (red arrow) -> suggested waiting for a retracement and a successful rebound
- Since then, the stock has retraced to test the psychological support at $4 levels
- Personally, I would prefer a retracement back to the short-term support so that there is a better setup for entry
- If the stock doesn’t retrace further, a successful rebound would be around 4.20 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with a strict 10% entry