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Ramba Energy, Will It Resume The Uptrend?
Trend Spotting | 16 July 2013
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By: Robin Han
Articles (102) Profile

From the weekly chart, we can see that Ramba Energy is on a long-term uptrend. Notably, the stock was able to hold the uptrend and rebounded strongly despite a severe fall in the Straits Times Index in June. This is a sign of strength. 

Over the past few days, Ramba Energy consolidated following a pull back, and gives a relatively safe price to enter. Besides, Ramba Energy released its first quarter financial statement on 14 May 2013 and it is not likely have short term volatility from the release of report in the next few months.

One may consider buying on pull back and expect it to resume the uptrend after the consolidation.

Weekly Chart Of Ramba Energy

Daily Chart Of Ramba Energy

Robin Han is a Ph.D in Department of Chemical and Biomolecular Engineering and has got a solid foundation in the financial markets.

Please click here for more information about this author.

Eneco Energy  0.058 +0.001 +1.75%   
Business: Co is engaged in oil & gas exploration & production in Indonesia as well as in the logistics business. [FY17 Turnover] Logistics (92.2%), rental (2%), oil & gas (5.8%).

Insight: Aug-18, 1H18 revenue declined 12.4% to $26m mainly... Read More

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