What is Happening to Rewardle Holdings Ltd’s Share Price?

Business charts and markets

What Does Rewardle Holdings Ltd Do?

Recently listed Rewardle Holdings Ltd [ASX:RXH] is a commerce based social network. Rewardle’s typical clients are small businesses. These merchants are usually time poor, have limited marketing support and lack the access to the digital tools of larger companies. Rewardle fills that gap by connecting merchants with customers in an increasingly digital and connected world.

In other words, Rewardle has replaced the traditional customer loyalty card, and given it a digital makeover by adding mobile ordering and payments with social media integrations.

That’s an interesting story, but what’s the chart telling you?

What Does the Chart Look Like?

When researching a stock, I always find it helpful to bring up a chart. Here’s the daily chart of RXH:


Source: STEX

Just listed last year, the trend looks to be up.

Everyone, it seems, is wrapped up with what’s happening in China, central banks, global debt, the dollar, interest rates, oil, iron ore and on it goes. It’s always a ‘crisis’, and collapse is always ‘imminent’.

Meanwhile, every day, another plane leaves the airport.

Have you been getting onboard one or two? Or are you simply watching the planes take off from the runway?

The price of a ticket is just a little charting knowledge. You can get that here.

What now for Rewardle Holdings shares?

RXH released good news today, another signing to their network. Who’d have guessed? You now have to watch how it reacts to today’s news, reference that to the prior low, and you will know exactly what to do. Of course, you know all that if you can read a chart. If it should shrug off news, one could expect future news announcements from this company, suggesting continued business signings, growing revenues. Let’s wait and see.

Most people treat the share market like a supermarket. They’re looking for bargains. Perhaps their time could be better spent focusing on stocks getting more expensive. But this just seems too challenging for some.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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