Wednesday, July 1, 2020

𝐑𝐢𝐯𝐞𝐫𝐬𝐭𝐨𝐧𝐞 - 𝐂𝐚𝐧 𝐖𝐞 𝐒𝐭𝐚𝐫𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐌𝐨𝐫𝐞 𝐒𝐡𝐨𝐫𝐭 𝐓𝐞𝐫𝐦 𝐔𝐩𝐬𝐢𝐝𝐞 𝐅𝐫𝐨𝐦 𝐇𝐞𝐫𝐞? (𝐁𝐮𝐥𝐥𝐢𝐬𝐡 𝐌𝐨𝐯𝐞 𝐒𝐩𝐨𝐭𝐭𝐞𝐝!)



This counter was one of the 3 Gloves Makers I covered in a video on Facebook about 2 weeks back..


I mentioned that these companies were still beneficiaries of current pandemic. 😷👍


Riverstone was then still consolidating at about 2.40 and nothing much happened but we were 𝗾𝘂𝗶𝗲𝘁𝗹𝘆 𝗲𝘅𝗽𝗲𝗰𝘁𝗶𝗻𝗴 𝘀𝗼𝗺𝗲 𝘂𝗽𝘀𝗶𝗱𝗲 𝘁𝗼 𝗰𝗼𝗺𝗲 𝘀𝗼𝗼𝗻..


In fact just last week, we had our upside targets reiterated again for a 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐫𝐞𝐛𝐨𝐮𝐧𝐝 from the strong support we were seeing. 😎


Joey here, Top Tier Remisier in Phillip Securities.




Just yesterday, finally, we manage to spot some 𝐁𝐔𝐋𝐋𝐈𝐒𝐇 actions.. 👀


After more than a month of sideways movement, it seems that buyers were 𝐅𝐈𝐍𝐀𝐋𝐋𝐘 prepared to take it to the next phase up..


So the question is:


"𝗪𝗵𝗲𝗿𝗲 𝗖𝗮𝗻 𝗪𝗲 𝗛𝗲𝗮𝗱 𝘁𝗼 𝗡𝗼𝘄 𝗢𝗥 𝗜𝘀 𝗜𝘁 𝗧𝗼𝗼 𝗟𝗮𝘁𝗲?" 🤷


Well, targets to the upside were reiterated again live as it happened on the 30 June 2020 when this video was recorded. ️🎯🎯


Watch this video to the end to see what I mean and at what levels can we potentially start to see some  𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞 coming back again.


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