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Peet_Serfontein

RNI: another leg to the downside?

Short
REINET INVESTMENTS S.C.A (JSE:RNI)  
Peet_Serfontein  
JSE:RNI   REINET INVESTMENTS S.C.A
Trend Analysis Technical Indicators
2
0
trendanalysis indicator
Remains below its 200-day simple moving average - which is bearish in nature.
Below 28250 is a bearish trend applicable.
The Linear regression channel also slopes downwards - supporting a bearish trend direction.
Downside price momentum supports the bearish trend.
As some major support.
Potential profit target and stop-loss presented.
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