SteynTrade
Long

JSE:NRP NEPI Rockcastle Potential Spring and Test

JSE:NRP   NEPI ROCKCASTLE PLC
NEPI has been range bound since February. At the end of November we have seen a spring on high volume . There has been a lower volume test and I am waiting for a good bullish bar to start building a position and a jump across the 200Day SMA . However, some caution is still needed as the 200Day SMA seems to be holding. There is divergence on the Volume RSI confirming buyers in the market.
Comment: Price is approaching the 200 Day MA. Looking for a jump of the "creek" (200DMA) to continue the markup in Phase D.
Comment: wAfter a pullback to the 200 DayMA price is continuing its advance.
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