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RMI Is About To Make A MoveRand Merchant Investment (RMI) Holdings is an investment holding company with a portfolio of insurance and investment products targeted at the commercial, corporate, retail and public sector. The group’s history can be traced back to 2010 with the spinning off of insurance assets from Rand Merchant Bank (RMB) Holdings, FirstRand and Remgro. RMI Holdings shares were subsequently listed separately on the Johannesburg Stock Exchange (JSE), although RMB Holdings and RMI Holdings still share the same management team. Technicals On the weekly time frame, we can see a corrective structure formation, indicated in pink. The daily time frame, indicated in blue, shows a 5 wave corrective structure which has completed. This would indicate that there should be a break to the upside soon. This break will be the start of wave 4 on the weekly structure.
OLong
by Linton_White
More Upside Before The Next Wave DownPepkor Holdings Ltd. is a diversified retail group that has a significant footprint in Africa that is listed on the Johannesburg Stock Exchange. With over 5100 stores in 12 countries, Pepkor is truly a retail giant in Africa. The group has 17 store brands over the retail industry, ranging from affordable quality clothing outlets to high-class furniture outlets. The group supplies an extremely wide range of products over various retail sectors. It is their vision to supply African consumers with all of their basic needs and through their various stores, they are not too far from reaching that goal. Pepkor Holdings owns Incredible Connections, HiFi Corporation, Tekkie Town, Timbercity, Rochester and of course Pep (to name but a few). Technicals Looking at the weekly time frame, I am expecting price to break the high of wave 1 before starting wave 4 to the downside. The H4 chart shows a corrective structure which broke to the upside. This ties in with the weekly view that there is more upside to come.
JSE:PPHLong
by Linton_White