Ryde Group Ltd.Long
Ryde Group Ltd. (NYSE: RYDE) - Testing Support Levels
Singapore-based mobility and quick commerce solutions provided Ryde Group Ltd. is seeing a test on the key support level of $0.450 over the shorter term period. The RSI indicator however, is showing an indication of the stock being oversold, which gives out a potential buy-at-low opportunity. Based on our understanding, a recent research report by Maxim Group had given a target price of $2.00 to the company, giving the company a significant potential upside ahead.
We kept a BUY rating for Ryde Group for the next 12 months.
We kept a BUY rating for Ryde Group for the next 12 months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.