Ramba Energy - a potential breakout call spotted last Tuesday .

Are we seeing it happen now? Price at 0.405

Sent: Tuesday, May 05, 2015 9:16 AM
Subject: ************************* Potential breakout: Ramba Energy - Next resistance at 0.400 key for more upside. price 0.37

Ramba has staged a strong breakout above the 0.34 consolidation resistance yesterday and today we have see it surged higher, likely to test the 0.400 psychological resistance in the coming days. Any breaking upwards above 0.400 can open the way to 0.45 then 0.50. Technical indicators looks positive as per yesterday’s price action but may also consolidate from 0.36 to 0.40 before more direction given the huge run. Stochastic indicator finally reversing upwards after trending lower since 2 weeks ago with 20 day MA line on the verge of crossing above the 100 day MA line suggesting a change in trend upwards. Watch List.

Follow UP ******************** Potential Rebound after consolidation: Ramba...... High volume breakout spotted, more confirmation needed.... Watchlist. price 0.52.

Sent: Friday, June 06, 2014 9:22 AM
Subject: Follow UP ******************** Potential Rebound after consolidation: Ramba...... High volume breakout spotted, more confirmation needed.... Watchlist. price 0.52.

Following up from previous BUY CALL, Could be heading toward 0.54 resistance level, A BREAK ABOVE THAT can lead to 0.60 fast. Volume currently at TOP 5, needs to maintain for more upside.  Stochastic and RSI positive in the short term.

Sent: Monday, May 26, 2014 9:25 AM
Subject: ********************* Potential Rebound after consolidation: Ramba...... High volume breakout spotted, more consirmation needed.... Watchlist

Entry: 0.505 to 0.51

Target: 0.56 then 0.60

Stop loss: 0.49

Reason: High volume break out of consolidation phase above 0.500 resistance. Also coincides with a move upwards above short term 20 DAY MA Green line which can signal a initial phase rebound. MACD indicating a bullish crossover.

*************** Potential Breakout: Ramba. Now at 0.665... ( Monitor for Breakout ! )

Ramba has consolidated for more than a week from 0.645 to 0.675, likely to stay within this range until a direction move is seen. Huge resistance can be seen at 0.675 and 0.68 level at the moment so any clearing of these level can lead to a new upward phase with target to 0.70 then 0.78. Note the 0.675 was a crucial resistance from July to Sept last year before it dipped. Ramba has also consistently trade above 20 DAY MA and  the channel support upward sloping Green line since Jan this year forming higher lows along each move. Can average up with entry from 0.68 to 0.685 if the breakout occurs with volume more than 8m shares. Only the downside breakdown of 0.63 will invalidate our bullish scenario.

Stop loss at 0.65 on breakout.

 

RAMBA CHART - Resistance has turned support at 0.625.... Try getting some from 0.625 TO 0.63.... TRADE IT to 0.65 !