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RES DAR SAADA (RDS) Stock Analysis - Casablanca Stock ExchangeOverview and Current Price Movement: The stock is currently 25% down from its all-time high (ATH) of 100. This decline indicates a correction phase after a significant rally. The price is approaching a critical support zone, which aligns with the daily 200 moving average. Historically, this moving average acts as a dynamic support level for many stocks, offering a potential entry point for long-term investors. Entry Price and Risk Assessment: Optimal entry price: The chart suggests an entry point of 72-73. This range is based on a confluence of technical factors, including: Proximity to the 200 moving average. The stock's recent support levels. Maximum drawdown risk: A potential drawdown to the 61-63 range represents a 10-12% downside risk. This is the worst-case scenario if the stock breaks below key support levels. Price Targets: Conservative Price Target (TP1): Target Price: 87.50 This represents a 20% upside from the optimal entry point. The price aligns with previous resistance levels and fits within a shorter-term recovery rally. Optimistic Price Target (TP2): Target Price: 100 This level represents a full recovery to the ATH, offering a 37% upside. The target is more achievable under a strong bullish trend, potentially driven by market catalysts or favorable earnings. Technical Patterns and Indicators: The chart indicates a descending triangle, a pattern often associated with bearish continuations. However, in this case, the price is near a breakout zone, which could result in upward momentum. Key Resistance Levels: The stock has tested resistance levels around 87-90 multiple times, making this a critical level for bullish confirmation. A breakout here may fuel the rally toward TP2. Support Strength: The 72-73 range has demonstrated strong buying interest in the past, making it a reliable level for entering trades with reduced downside risk. Strategy Recommendations by @dogofwallstreets Buy at 72-73: Place limit orders within this range to capitalize on the optimal entry opportunity. Stop-Loss Placement: Consider placing a stop-loss around 61, which aligns with the worst-case scenario. This ensures risk is limited to 10-12% of capital. Profit-Taking: Start taking profits at 87.50 (TP1). For more aggressive strategies, hold until 100 (TP2), especially if the price action shows bullish momentum. Here’s a detailed market analysis based on your chart for RDS (Res Dar Saada): Overview and Current Price Movement The stock is currently 25% down from its all-time high (ATH) of 100. This decline indicates a correction phase after a significant rally. The price is approaching a critical support zone, which aligns with the daily 200 moving average. Historically, this moving average acts as a dynamic support level for many stocks, offering a potential entry point for long-term investors. Entry Price and Risk Assessment Optimal entry price: The chart suggests an entry point of 72-73. This range is based on a confluence of technical factors, including: Proximity to the 200 moving average. The stock's recent support levels. Maximum drawdown risk: A potential drawdown to the 61-63 range represents a 10-12% downside risk. This is the worst-case scenario if the stock breaks below key support levels. Price Targets Conservative Price Target (TP1): Target Price: 87.50 This represents a 20% upside from the optimal entry point. The price aligns with previous resistance levels and fits within a shorter-term recovery rally. Optimistic Price Target (TP2): Target Price: 100 This level represents a full recovery to the ATH, offering a 37% upside. The target is more achievable under a strong bullish trend, potentially driven by market catalysts or favorable earnings. Technical Patterns and Indicators Descending Triangle Pattern: The chart indicates a descending triangle, a pattern often associated with bearish continuations. However, in this case, the price is near a breakout zone, which could result in upward momentum. Key Resistance Levels: The stock has tested resistance levels around 87-90 multiple times, making this a critical level for bullish confirmation. A breakout here may fuel the rally toward TP2. Support Strength: The 72-73 range has demonstrated strong buying interest in the past, making it a reliable level for entering trades with reduced downside risk. Strategy Recommendations Buy at 72-73: Place limit orders within this range to capitalize on the optimal entry opportunity. Stop-Loss Placement: Consider placing a stop-loss around 61, which aligns with the worst-case scenario. This ensures risk is limited to 10-12% of capital. Profit-Taking: Start taking profits at 87.50 (TP1). For more aggressive strategies, hold until 100 (TP2), especially if the price action shows bullish momentum. Market Sentiment and Outlook: The stock's 200 moving average proximity and strong support zones suggest the potential for a rebound. However, any breakdown below 61-63 would signal further weakness. A rally to the optimistic target is plausible if overall market conditions improve or if the company releases favorable updates. Conclusion: RDS (Res Dar Saada) is currently in a pivotal phase, offering a promising risk-reward ratio. The suggested entry range of 72-73 provides an excellent opportunity for both short-term gains (TP1: 87.50) and long-term upside (TP2: 100). Traders should monitor price action closely, especially around key support and resistance levels.
CSEMA:RDSLong
by dogofwallstreets
Bargain at 30p levels - Undervalued - Revenue making - BULLExtremely bullish here & been waiting for months for this opportunity to buy down here. Bought at 30.4p & will buy more if I get an opp at 29p-30p Bullish divergence on RSI. Resistance becomes support in most plays even if it takes a few weeks/months. 44.2p - 57p next resistance. Longer term will be more as this is a revenue growth making company. Sorry for format copy paste wrong but here is the values for last years. $53.7m revenue $34.3m EBITDAX $36.2m cash generated Fully cashed up with $17m & $10m facility (undrawn) South Disouq coming later this year. Easy profit to be made from this levels. Three months ended Twelve months December 31 ended December 31 (audited) US$ million, except per unit 2018 2017 2018 2017 amounts ---------- --------- -------- -------- Net revenues 13.8 11.0 53.7 39.2 ---------- --------- -------- -------- Netback(2) 10.4 8.5 41.7 28.9 ---------- --------- -------- -------- Net realized average oil price/service fees - US$/barrel 59.07 54.39 62.43 46.70 ---------- --------- -------- -------- Net realized average Morocco gas price - US$/mcf 9.78 9.72 10.33 9.51 ---------- --------- -------- -------- Netback - US$/boe 28.94 28.26 32.01 24.47 ---------- --------- -------- -------- EBITDAX(2) (3) 7.1 8.0 34.3 21.4 ---------- --------- -------- -------- Exploration & evaluation expense ("E&E") (0.2) - (5.7) (0.2) ---------- --------- -------- -------- Depletion, depreciation and amortization ("DD&A") (6.3) (4.8) (17.3) (17.8) ---------- --------- -------- -------- Impairment expense (3.5) - (3.5) - ---------- --------- -------- -------- (Loss)/gain on acquisition - (4.7) (0.2) 29.6 ---------- --------- -------- -------- Total comprehensive (loss)/income (4.0) (3.4) 0.1 28.3 ---------- --------- -------- -------- Net cash generated from operating activities 8.9 15.1 36.2 21.6 ---------- --------- -------- -------- Cash and cash equivalents 17.4 25.8 17.4 25.8
SLong
by vcm11
13