Price is currently moving in a steady downtrend, whilst also making higher lows, characteristic of a symmetrical triangle pattern. Prices broke out of a bear flag pattern and we can expect further continuation to the downside. Traders can possibly scale in after a corrective move. The target will be the trendline posing as a support.
Remgro Ltd. is an investment holding company established with effect from 1 April 2000, after the restructuring of the former Rembrandt Group Ltd. The Group's interests consist mainly of investments in consumer products; banking; healthcare; insurance; industrial; infrastructure as well as media and sport. The company's activities are concentrated mainly on the...