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Riverstone
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Riverstone go go go!
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bluekelah
Senior |
14-Dec-2021 12:52
![]() Yells: "lock and loaded..." |
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beng1102 : thanks for your reply, makes sense if EPF is dumping might affect the usual TA indicators. But wont the dumping reflect in a depress RSI and MA as well? Such that if the chart moves above the 200MA, and the oversold indicators reverse, wont it very likely signal bullishness irrespective of what is in the new/fundamental story? EPF is likely done selling i think with such high volume these past few days they probably unloaded? how many lots did they have after the last sale report? Midtermer : Yes its does look like the resistance at 80c+ is a good level to look out for. I read on SCMP that chinese are saying Omicron is 85% efficient at escaping the old pfizer/moderna/etc.. vaccines. And the way european and american hospitals are already filling up this winter without lockdowns, glove demand has very likely spiked already. China will probably withhold gloves for themselves and countries will scramble to restock again, sending ASPs up soon, though it wont reflect till next financial report end of FEB? In any case, queing another 10 lots today for 665, probably get it after lunch. |
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Midtermer
Master |
14-Dec-2021 12:44
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yup we can only infer that Mr Wong knows more than us. Hoping that he continues his buying spree for the week.
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beng1102
Elite |
14-Dec-2021 12:18
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Technical Analysis has not been meaningful as EPF has been dumping the share.  If we are sure that EPF is no longer selling then just buy and hold as balance sheet supports much higher valuation. 
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Midtermer
Master |
14-Dec-2021 12:11
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Not a TA expert but for me the resistance at 830 is key as it will signal a higher high in the short term. The push up needs to be supported by positive action / announcements else it will fade away quickly again imo. The Omicron news is mixed and difficult to assess its impact on PPE counters for now. News coming from UK is definitely quite worrying for now. Dyodd. I also think Mr Wong buying could be a sign of EPF selling done. Just a guess.
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bluekelah
Senior |
14-Dec-2021 11:24
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hi guys i picked up 15 lots at $1.20 previously (thinking it was a low) then another 10lots at 63c last week. I am long this stock and trying to do a bit of TA at the moment to time my accumulation. At what price would you consider the rebound to be confirmed technically? (i am thinking if it rebounds above the last level at around 77cent and goes past 200MA?) Certainly fundamentally the news about Omicron spread in UK and Europe/USA plus stabilisation of glove prices (as per TopGlove) looks to be pretty bullish. Plus re ramping of their factories in malaysia post covid vaccines. Boss buying in is a plus too as it could signal he knows EPF board is done with their selling?   |
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Midtermer
Master |
14-Dec-2021 10:49
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Maybe another 300 lots from Mr Wong at closing today? Let's see if it continues to close near day high. Cheers. | ||||
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Stocky901
Elite |
14-Dec-2021 10:44
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You sold off 0.635 ? Can short now?
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des_khor
Supreme |
14-Dec-2021 09:50
![]() Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Now TG and RS same price ! 2 weeks ago TG at one point higher more than 20cts ! | ||||
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Richardlai
Veteran |
14-Dec-2021 09:35
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Any Riverstone experts ? you think it will cross 70 cents ..... same shortists could be the ones pushing it up.  | ||||
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patient168
Senior |
14-Dec-2021 09:23
Yells: "patience is the key to winning" |
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Nice..leveling with TG. | ||||
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Sgvale
Supreme |
14-Dec-2021 08:53
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Normalisation Price level | ||||
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Alson18
Senior |
14-Dec-2021 07:05
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Many good reasons why the boss is buying , i think 1.51 % holdings 2. Confidence booster 3.cheap valuation 4.undervalue 5.omicron 6.xxx 7.xxx etc.so many more....
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vix787
Member |
14-Dec-2021 03:08
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At least the CEO buy guarantee a day 8% rise. That good enough for me. Not enough? Too greedy?
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JessTrang
Senior |
14-Dec-2021 00:53
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A company with no sufficient cashflow to handle uncertainties, do you have confidence in theirs funds management?
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investor999
Elite |
14-Dec-2021 00:51
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I think you don't have much to unload.
Sell to the bounce right? I expect most people are unloading.
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JessTrang
Senior |
14-Dec-2021 00:37
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I will unload everything once they finish using the cash for shares buyback. 😂 😂
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jackjack
Veteran |
13-Dec-2021 23:36
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Back then there are same saying for top glove, but top glove also sank. Ceo buy doesn't guarantee anything
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Midtermer
Master |
13-Dec-2021 23:27
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Will be good if they can use the cash to start diversifying their business. Buyback may be good for short term but doesn't help long term holders much.
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Longtermer
Elite |
13-Dec-2021 21:54
Yells: "A disciplined investor is a wealthy investor" |
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The company has more than $500m cash. If unleash to do buyback at this level, would have tremendous impact to price.   
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Sunbrighten
Member |
13-Dec-2021 21:05
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Riverstone fundamentals remain solid with a strong management team! Jia Yu Mr Wong Teek Son!   |
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