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RossLarter

REMGRO - possible upward move to fill gap if it breaks out

Long
REMGRO LTD (JSE:REM)  
RossLarter  
JSE:REM   REMGRO LTD
Support and Resistance jse ALSI ZAR southafrica remgro
2
0
supportandresistance jse alsi zar southafrica remgro
REM has been trading in a consolidation since July. It is currently around the top of the consolidation area and is showing some signs of upward momentum. If it breaks out through the top, we could see a bit of an upward move - possibly even going up high enough to fill the gap from the 3rd of June. I am waiting for a confirmation of an upward breakout before considering entering.
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