Box formation formed after a couple of months and the price broke above the resistance. Since then it's been on a solid uptrend with a good inclination. The price has also broken above the Falling Pennant which is confirming the buyers are driving the price. We have additional indicators showing upside. MAs - 7>21>200 RSI>50 Target R191.31 Bullish
Box formation formed on Remgro. Now this is an update to show the upside that's on the way, and what is to come. As a short term trader one can set the target at R169.00. As a medium term trader one can set the target to R191.00. All depends on the R:R placement method and term to hold. Either way, this thing is heading up. MAs - 7>21>200 RSI>50 Target...
Box formation has been in the process in the last few months... In this case, it looks like it'll be a continuation pattern. The prior trend was up, we have a consolidation process now and soon we should get a breakout. I'm guessing up. MAs - 7>21>200 RSI>50 Target R191.31 ABOUT THE COMPANY Remgro Limited is an investment holding company based in South...
Box formation has clearly formed on Remgro. It started last year this time, and the price has been jumping between the high and low range. But now the price has broken up and out of it. This could be the boost it needs to rocket up to the next target. MAs - 7>21>200 RSI>50 Target 1 is set to R170.00. But there is a caveat. Bullish CAVEAT The JSE ALSI 40 is...
Ascending Triangle is forming nicely on Remgro. We see the 7 and 21 MA above 200. But more importantly, Price >200 - Bullish RSI>50 - Bullish Target R165.55 ABOUT THE COMPANY Remgro was founded in 1990 (Stellenbosch, South Africa) by Johann Rupert, a South African entrepreneur and businessman. The company was established as an investment holding company...
All signs are pointing to an upward move on JSE:REM . We are looking to reach the target at the previous resistance around the 153 level.
JSE:REM is showing downward momentum and is looking good for a short position. If triggered, looking to ride it out all the way to the target at R122.
We have entered a long position on JSE:REM based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 154 level which coincides with the highs from March 2022.
There has been a big gap in JSE:REM since June 2020. It has been slowly making its way up to fill it and finally closed the gap with the highs of earlier this month. The upward momentum has disappeared and it loks like we might be heading down for a bit. The momentum indicators are also showing the same thing
Remgro remains one of my favourite “SA Inc” type of company by a country mile. Even after a 16% run over the past week, still leaves the company trading at a current discount to its intrinsic value of over 40% (compared to an average 10-year discount of 15.6%). We therefore firmly believe in the longer-term opportunity REM offers, even at current prices. Also,...
JSE:REM has been trading in a consolidation since July. It is currently around the top of the consolidation area and is showing some signs of upward momentum. If it breaks out through the top, we could see a bit of an upward move - possibly even going up high enough to fill the gap from the 3rd of June. I am waiting for a confirmation of an upward breakout before...
I'm a big fan of this set up. The lack of effort leading up to the breakout and 3 thin real bodies showing not much supply coming to this market. A retest of breakout on the 2nd day has given a chance to enter if the breakout was missed. Potential target could be 11846. We also note the large unfilled gap. Stop - 8864 or a tighter one just below the breakout candle.
JSE:REM has been trading in a downward channel for quite some time and has just broken out of the channel in an upward direction. It has also broken through a fractal level and is looking good for a long position.
JSE:REM formed a "Dark Cloud Cover" pattern at a resistance level. If it confirms, I will enter a short position.
JSE:REM formed an engulfing candle yesterday which could mean an upward move.
JSE:REM has broken through a descending resistance level. If it confirms by closing above it at the end of today, we would be looking at a long position tomorrow.
A PIERCING LINE has formed on JSE:REM . A piercing line is defined by the following: - After a preceding downtrend, - Green opens below previous days close, and closes above 50% of the real red body. - Bottom reversal signal - Candles must be different colours. Because of this, along with the upward channel that it has been trading in, I entered a long...