Royal Merchant Bank (RMB) Holdings is an investment company, with its main holding being a 34% interest in FirstRand Bank Limited, one of southern Africa’s premium banking groups. The group’s history can be traced back to the consolidation of Rand Consolidated Investments and Rand Merchant Bank in South Africa in 1987, giving the group a wide interest in the...
Following on from September's evaluation (See link below) the following. The pullback after the breakout seem to be a formation of a new trading range. Following the Wyckoff logic the breakout was on relatively high volume and the pullback to the previous trading rang a Automatic Reaction (AR). We have had another test of the bottom of the new trading range with...
