RNI trade ideas
Testing bottom of a big bear flagReinet testing the bottom of what seems like a big bear flag. If it breaks on momentum, it could be a short opportunity.
$JSERNI Downtrend break rejection and bear flag intactBreak of bear flag will open 17800 downside target. Key would be to watch for a break on volume and a breakout retest before committing full position to short.
Reversal after Head and Shoulders patternJSE:RNI Has recently come out of a great Head and Shoulders trade. It seems to have reached some support so we can expect a possible reversal. The stochastic is turning up for now, and if it breaks above the previous high of a few days ago I will enter a long position.
