Falling Flag formed on Redefine and the price is officially breaking up and out of the range.
This is bullish for the company as the JSE ALSI is also showing strong upside to come.
We also see the 7=21 and is about to cross.
Price>200 - Bullish
RSI>50
Target 4.39
ABOUT THE COMPANY
Redefine Properties Limited is a South African-based real estate investment...
Redefine has been easy to probability predict in the last two years.
It's been on one strong trajectory down.
And after each crash, there is a relief rally to buy and profit from.
However, now we are in tricky territory.
There is a Broadening Triangle being formed which can break either way. That's the difficulty with Broadening patterns.
My bet is DOWN...
W Formation has formed on the property company over the last 3 months.
Today we are seeing a strong breakout to the upside.
Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up.
Other indicators show upside to come:
7>21 Bullish
Price<200 - Bearish but, price action is showing upside to come.
RSI>50
Target...
