Get started
REINET INVESTMENTSREINET INVESTMENTSREINET INVESTMENTS

REINET INVESTMENTS

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

REINA trade ideas

Reinet possibly on the way downReinet Investments S.C.A. has spent most of this year trending higher. Towards the end of March, however, the stock lost its momentum. If you look at the above chart, you'll also see a bearish divergence has formed on the MACD. Although the high created earlier this month is lower than the one created in March, there is a much bigger difference in the high created on the MACD. You can also see weakness in price on the Slow Stochastic Oscillator. Finally, there is a clear break of the first quarter trendline. This current consolidation channel looks weak and I'm going short. Action: Place a Limit Order to go SHORT with your Limit Price set to R233.00. Set your Stop Loss to R246.00 and your Take Profits to R215.00 and/or R200.00.
JSE:RNIShort
by UnknownUnicorn3689126
JSE:RNI Reinet Accumulation?Reinet has been under pressure but the latest range shows signs of accumulation. Price has potentially formed a Phase C spring and the spring has been tested. Divergence with the volume RSI indicates upward volume pressure. Volume has been declining during the current trading range possibly indicating that the supply has been absorbed. Price is now testing the top of the trading range and now we need to see if it can break out and successfully retest the trading range.
JSE:RNILong
by SteynTrade