Box formation formed after a couple of months and the price broke above the resistance.
Since then it's been on a solid uptrend with a good inclination.
The price has also broken above the Falling Pennant which is confirming the buyers are driving the price.
We have additional indicators showing upside.
MAs - 7>21>200
RSI>50
Target R191.31
Bullish
Box formation formed on Remgro.
Now this is an update to show the upside that's on the way, and what is to come.
As a short term trader one can set the target at R169.00.
As a medium term trader one can set the target to R191.00.
All depends on the R:R placement method and term to hold.
Either way, this thing is heading up.
MAs - 7>21>200
RSI>50
Target...
Box formation has been in the process in the last few months...
In this case, it looks like it'll be a continuation pattern. The prior trend was up, we have a consolidation process now and soon we should get a breakout.
I'm guessing up.
MAs - 7>21>200
RSI>50
Target R191.31
ABOUT THE COMPANY
Remgro Limited is an investment holding company based in South...
Box formation has clearly formed on Remgro.
It started last year this time, and the price has been jumping between the high and low range.
But now the price has broken up and out of it. This could be the boost it needs to rocket up to the next target.
MAs - 7>21>200
RSI>50
Target 1 is set to R170.00. But there is a caveat.
Bullish
CAVEAT
The JSE ALSI 40 is...
Ascending Triangle is forming nicely on Remgro.
We see the 7 and 21 MA above 200.
But more importantly, Price >200 - Bullish
RSI>50 - Bullish
Target R165.55
ABOUT THE COMPANY
Remgro was founded in 1990 (Stellenbosch, South Africa) by Johann Rupert, a South African entrepreneur and businessman.
The company was established as an investment holding company...
A PIERCING LINE has formed on JSE:REM .
A piercing line is defined by the following:
- After a preceding downtrend,
- Green opens below previous days close, and closes above 50% of the real red body.
- Bottom reversal signal
- Candles must be different colours.
Because of this, along with the upward channel that it has been trading in, I entered a long...
Remgro Ltd. is an investment holding company established with effect from 1 April 2000, after the restructuring of the former Rembrandt Group Ltd. The Group's interests consist mainly of investments in consumer products; banking; healthcare; insurance; industrial; infrastructure as well as media and sport. The company's activities are concentrated mainly on the...
