Long term Buy for RWI

Güncellendi
Dear All,

Technical: Following the recent increase in the share price of RWI, we se that the price has formed a bottom near 18, and since then is made a rally to 27. We see in the chart there is a bullish cross near 25.

Fundamental: Since Last September, there have numerus news regarding RWI future, more importantly that it is expected to post a net profit in the financial year end 2019 or 2020, with the last net lost is in 2018.
According to analysts, the price intrinsic value is around 50.
One thing I would like to bring into light with RWI is its debt-to-equity ratio of 153.11%. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, and RWI has considerably exceeded this. A higher level of debt requires more stringent capital management which increases the risk in investing in the loss-making company.

I am buying now and target price is 45-55.

SL can be placed at 17.

All the best.
İşlem aktif
Since posting the idea, the price has increased from around 27 to 33.

Trade is active and targeting 45-55.

Good luck
Not
Price reached 37 and closed at 35.5

So far good progress and good profit. Soon it will reach 45.
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