RCECAP price has reached all time high. Dividend payout will be on 14.6.23 for 7cents per share. Quite a good dividend payout. Qtr report are favourable with 34.8M profits.
However, each time a dividend payout, price will drop significantly. Long term Traders can buy now to enjoy the dividends. Can average down if price drops.
Short term trader, can wait until price retrace to reverse Fib 0.618 at price RM 1.94 or reverse Fib 0.382 at price RM 1.79. This is further confirmed with bearish harami candlestick on 7.6.23.
However I would wait until the dividend ex date payout to see how the market react before gives an entry.
This is not a buy/sell call. Please DYOR before give any entry.
- Nares-
However, each time a dividend payout, price will drop significantly. Long term Traders can buy now to enjoy the dividends. Can average down if price drops.
Short term trader, can wait until price retrace to reverse Fib 0.618 at price RM 1.94 or reverse Fib 0.382 at price RM 1.79. This is further confirmed with bearish harami candlestick on 7.6.23.
However I would wait until the dividend ex date payout to see how the market react before gives an entry.
This is not a buy/sell call. Please DYOR before give any entry.
- Nares-