JSE:RES   RESILIENT REIT LIMITED
Equities | Resilient REIT – following a 22-month consolidation base, the share is looking to break the horizontal overhead resistance zone of R70 per share. Supporting the bullish technical setup are the higher lows which has been in place since April 2019 as well as the rising 50-day simple moving average and gradually rising 200 -day simple moving average. Using a measured moved, a break and close above the overhead resistance of R70 would result in a target price of approximately 8641c.
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