Ryde Group Ltd. is showing strong support at the $0.485 level, with consolidation suggesting a potential base. Trading near the lower Bollinger Band indicates the stock may be oversold, while the narrowing bands hint at an upcoming breakout.
The MACD is approaching a bullish crossover, supported by diminishing negative histogram bars, signalling a possible shift in momentum. Recent spikes in volume highlight investor interest, suggesting accumulation at current levels. The disparity index further supports the idea that the stock is undervalued and poised for recovery.
If the stock breaks above $0.60, it could trigger a rally toward $0.80-$1.00. Current technical suggest limited downside risk with strong upside potential, making this an attractive entry point.
