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RLO
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REUNERT LTD

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RLO trade ideas

$JSERLO - Reunert: Loss of Momentum But Still Pushing Up See link below for previous analysis. The triangle outlook has been invalidated but prices has continued upwards as forecasted but with much reduced momentum compared to wave . The support trendline is firmly intact but price action has been very choppy from 5370. It is likely that the stock is forming an ending diagonal for wave . I am always cautious when a stock is trading in its fifth wave so I will be neutral to slightly bullish at this juncture.

by Loyiso_BlaqueSoros_Mpeta

#RLO #Reunert breaking out of huge resistance at R60.00 Massive breakout from RLO taking out this huge R60.00 level. I have two targets : R73.30 and R96.10 approx. Fact that this chart has spent 3 weekly closes above the major resistance level is a very good sign and likely to go higher. Perhaps if there is some market weakness once can pick this up closer to R63-R64

Long

by MarcoOlevano

Our opinion on the current state of RLO Reunert (RLO) is a company involved in electrical appliances, electrical engineering, and information communications. The company has been in existence for 130 years and listed for 70 years. It has operations in Australia and Sweden as well as in Zimbabwe, Zambia, and Lesotho. It exports to many countries around the world. Electrical engineering accounts for roughly half of its annual turnover which is about R10bn. In its results for the year to 30th September 2023 the company reported revenue up 24% and headline earnings per share (HEPS) up 16%.The company said, "Improved operating leverage was delivered by the Group as segment operating profit increased by 28% to R1 462 million (2022: R1 140 million). The Group's profit for the year increased by 14% to R959 million (2022: R844 million)". The share trades on a P:E of 10,23 which looks reasonably priced to us. However, its future performance will depend on the rand/US dollar exchange rate, a recovery in the South African economy and increased business from government and quasi-government organisations. Technically, the share was "bumping along the bottom" of a downtrend caused by COVID-19 and, although volatile, has been recovering since.

by PDSnetSA

$RLO - Reunert: Bullish Wave Four Triangle Consolidation See link below for previous analysis. The five wave count from 3611 is still intact. I count three waves from 3611 to 6391 which means the consolidation from March 2023 is wave ((iv)) and looks to be unfolding as a triangle. I will maintain this stance unless a break below 5370 invalidates it.

Long

by Loyiso_BlaqueSoros_Mpeta

RLO holding Channel support RLO is holding support off its bottom trendline around the R56.25 price. Continued support here can lead a move back up to test R62.40 level RR 2:1

Long

by T2TWELL

$JSERLO - Reunert Ltd: Still Medium-Term Bullish Reunert has not disappointed since the original analysis published 12 December 2022, link below. There is some uncertainty whether or not wave iv of (iii) is complete but price is holding up nicely above the 5700 resistance turned support zone. Either way, the wave count calls for consolidation/pullback for wave (iv) and one more leg up for wave (v) to complete the impulse move from 3611.

Long

by Loyiso_BlaqueSoros_Mpeta

Reunert - Update After a beautiful rally from November 2022, price is in a consolidation phase and basing now on its 50 day moving average. Bulls will want to hold price above this level to continue the momentum to the upside. The company continues to be well positioned to benefit from renewable energy demand and the continued load shedding issues in South Africa.

by Trader-Dan

RLO: corrective wave?A bearish trend is applicable. The ideal short entry is around 6200. Increase short exposure for a break below 6000. The target price is set at 5700. Stop-loss price is set at 6400. A complete Elliott wave 1 to 5 waves unfolded and a corrective wave might unfold.

Short

by Peet_Serfontein

$JSERLO - Reunert Ltd: Medium-Term Bullish On the 28th of November 2022, Reunert released good annual results for its 30 September 2022 financial year end. The salient results were (R'm) Revenue: R11,129m +16% Operating profit: R1,231m +17% Attributable profit: R827m +6% HEPS: 519cps +9% EPS: 520cps 8% Final dividend per share: 224cps +8% The group also stated that it is positioned to deliver an improved performance in 2023. Technically, Reunert is making a strong recovery. Since peaking at R88,75 in August 2018, the stock went through a two year bear market that shed 68,4% of its value. The recovery from the September 2020 bottom has been steady but recent price action from the July 2022 bottom of R36,11 looks impulsive and has tailwinds from improved fundamentals. Trading volumes are also starting to pick up which is a positive signal of money flowing into the stock.

Long

by Loyiso_BlaqueSoros_Mpeta

RLO - 1W - RENERT Reunert is in the process of turning a resistance coming from 1 June 2021 into a support. Once this is confirmed i will enter this trade with my target being R58 at resistance coming from 1 August 2018. My stop would be at R45. Company came out with good results in bad times, and i think this trend will continue.

Long

by AWPEARCE1

REUNERT - Position Trade Following on from the idea posted in September, RLO has moved up nearly 20% . After a solid earnings report, i will be looking to add to my position on any pullbacks towards the up sloping 20/50ema. Stochastics are just turning up off oversold so this stock may have legs to run to the next big area of interest R54.50. A daily close below R44.00 again would be viewed as bearish.

by Trader-Dan

REUNERT - Long Idea Reunert staged a lovely rally since our last idea (link below) The stock still offers an attractive PE and dividend yield. Price has now retraced from the R48.94 high and is in an area of interest where we will be looking for support. - R41-42 will provide a buy entry to target R45.25 initially - Stoploss is a daily close under R40 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Long

by Trader-Dan

REUNERT this stock might get a boost from gaverment when they start the IPP project to help eskom with the power crisis

Long

by Sbo_Dhlamini

Reunert - Target Hit Target of 4600c was hit today. A +9.3% move in 2 sessions. For more research, including trade ideas, get in touch today. Original idea attached.

by techpers

RLO Running a few screens this afternoon and this is one of the names that has flashed. Cup and handle technical structure. Target 4600c with a stop at Friday's low 3991c. Current 4208c

Long

by techpers

REUNERT - Long Idea - Price has pulled back to a decent area to accumulate for a long position . - Daily Volume has picked up - Stock is currently on a 7.9 price to earnings - While we hold R36 on the daily, i will be looking for a reversion back to R40 and possibly the 200 day ma at R45 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Long

by Trader-Dan

RLO retesting broken support RLO is trading below its one year moving average(250ema) and is attempting to retest the broken support at around the 46.25 level downside is favoured with a Risk reward of 1.5x or greater

Short

by T2TWELL

RLO daily channel possible break up coming RLO has been trading in a bearish channel for the last 2 months which is starting to look like it can break to the upside if price closes above the R50.00 mark Reward to risk 1.5 : 1

Long

by T2TWELL

Trade Setup: Reunert Ltd Reunert Ltd (RLO, 4837c): An infrastructure name, the share has retreated with in a steady upward. From close to 5800c, the current print is 4837c, which is at the lower boundary of the channel. In the current range of 4620/4835, the pullback offers an opportunity to purchase within an upward trend. Note the rising 200-day just below, which may also offer an area of support. Stop: 4280c. Target range: 5800c-6200c.

Long

by LD_Perspectives

Reunert Ltd A buy recommendations on 08 October at just above 3500c, the share continues to display positive price action. Held the pivot and cleared overhead supply. Also an ascending triangle. Minor retracement before next leg higher?

Long

by LD_Perspectives

$JSERLO Slowly getting there After an identified head and shoulders, this is one broke the neckline and are slowly moving towards the target price of 6030.

Long

by KoosKanmar

Buying Opportunity A good time to buy this stock if it gets rejected at the current level that is being tested

Long

by StonksInsider

$JSERLO Reunert. Neckline break confirmation Reunert broke what looked like an inverted neck and shoulders at around the 4250 neckline level. Two targets added to the chart looks like possible targets for this pattern. Stick to a stop loss level with a break on the daily chart below the neckline level.

Long

by KoosKanmar

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