LD_Perspectives

Trade Setup: Reunert Ltd

Long
JSE:RLO   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.
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