RH PetroGas - upside to continue..

It has been awhile since my last post. Market has been quite quiet for the past week, not much movement on most of the charts except a few penny stock which is heavy speculated. Although global outlook for economy seem to be good at the moment but investor confidence is not quite there yet.

During this quiet week, I notice that RH PetroGas has been slowly continuing its uptrend, though movement are narrow and moderate its price is still slowly creeping up.

From the chart, price has been moving in a narrow uptrend channel. Recent consolidation at 0.605/0.610 provides another good entry point for those who has missed the initial breakout (link here), this is further supported by the lower uptrend channel line. Stochastic is moving closer to its signal line, a cross over will signal further confirmation of continuation for upside. Tight cut loss to be set @ 0.585 (5% loss)

Remember to share it you have profited. Cheers!