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Rmi

JSE:RMI Rand Merchant MarkdownFollowing Rand Merchant Investments distribution and markdown (see posts below) since 2018 price has marked down significantly. Volume has been increasing on declines and decreasing on increases. RMI is weaker than the market. Price is now approaching a significant volume node from the previous markup. However, there has been no significant volume spike indicating a selling climax so price is expected to continue declining. However, one should watch for significantly increasing volume indicating buyers stepping in.
OShort
by SteynTrade
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
Renko with EMA and RMI Swing CatcherThis idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signal indication. The idea is to catch a Trend direction swing and stay with as long as possible. The 10pip Renko bricks give the price action indication, it requires at least 20pip price change to change the color of a Renko brick. The RMI is bit like RSI with a built-in momentum factor and works well with Renko. RMI indicates price momentum and strength of the swing and stays in the overbought (for long) or oversold (for short) whilst price has momentum in that direction. Signals are optionally filtered by Daily or Weekly Open Rice, where by only trade long above open and short below open (this option is enabled by default). This helps control some short range swings getting out hand. The directional EMA 6 is also used to detect the Price swing and is combined with the other indicators to provide a confirmed swing indication. Exit occur when EMA or RMI reverses direction. Alternatively for quicker exits (disabled by default) when the Renko prints a brick in the reverse direction. Each Entry and Exit signal creates an Alertcondition that can be picked up by the TradingView Alarm system. TIP: To get 10pip Bricks set Renko to "Traditional" type bricks and 0.001 for non-JPY currency pairs and 0.1 for JPY currency pairs. Also set chart Time frame to 5min or 15mins.
Education
by JustUncleL
14