Tuesday, April 12, 2016

Riverstone - breaking out of consolidation?

After the big selldown in January 2016, Riverstone went into a consolidation phase in Feb and Mar. The sell down was due to the sudden strengthening of  Malaysia ringgit during that period, where all the export sectors in malaysia also fall during the same period. Gloves companies like Harta, Kossan, Karex, SuperMx all had the same pattern. As we see Riverstone recovering this few day, it is a good sign that we could be right on this (again). To get more confirmation, do also watch the few other glove companies in malaysia to see if they move in tandem, if they did, you better dont miss the run!

Previous post on Riverstone

Riverstone to Continue uptrend? - Tuesday, July 15, 2014 - It was just $0.465

Andy Yew Live interview on 938Live - Friday, January 30, 2015 - It was just $0.575

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