Watchlist: Update on Versatile & RHB

Both Versatile & RHB still have valid bullish patterns but are now Flags & not Pennants. However, both patterns have similar bullish characteristics so there is no change in the recommendations.

For Versatile, it is now a small & tight Flag (See chart 1). It still needs to break above 0.875 convincingly for prices to turn bullish, but if it breaks below 0.82 then it may turn bearish. If you have bought on Friday when it made a false move to break out, then hold on tight but you may want to sell if it falls below 0.82. On breakout Target Price is 1.35

RHB has formed a nice Flag (Chart 2). All recommendations are still valid & there is strong support at 1.05. Wait for volume breakout above 1.12 (with a close above 1.12) before buying. On breakout Target Price is 1.43 & if buying is strong 1.52.