Raubex (RBX) is a construction company that was started in 1974 and listed on the JSE in 2007. The company has three divisions in construction, materials, and infrastructure. Recently, with the dearth of work in road-building, especially from Sanral (who have halved the value of the tenders which they issue), the company has branched out into solar and wind energy...
Raubex has shown a few early signals for an interim reversal of the past trend. This is still very early and therefore might need 1-3 days for confirmation for the Trend reversal. The Chart shows the trend lines crossing. Study and use under expert advice or your own discretion. Smash the Rocket Boost Button if you like my Chart Studies. Regards Graham.
Raubex (RBX) is a construction company that was started in 1974 and listed on the JSE in 2007. The company has three divisions in construction, materials, and infrastructure. Recently, with the dearth of work in road-building, especially from Sanral (who have halved the value of the tenders which they issue), the company has branched out into solar and wind energy...
Rectangle pattern formed on Raubes. The price still hasn't broken up or down. But the signs are more bullish despite the negative sentiment with the JSE ALSI... However, it is a waiting game until there is a solid breakout to the upside. Other indicators show up momentum... 7>21>200 RSI>50 Target R40.10
No man's land, an area where price offers very little value as there is no domination between bulls and bears and price can wander sideways for prolonged periods. A brief attempt to break back above the previous resistance area has failed and price has plunged further since the last update, link below. With no improvement of fundamentals in sight, I will continue...
Raubex has certainly been a frustrating stock since listing on the JSE. After trading sideways in a clear range between 2009 to 2020, the share finally broke out and rallied in what looked like a clear breakout. Sadly the share has pulled back sharply and could not turn historical resistance into support. With the construction industry still not seeing much in...
RBX trading in a big range at the moment. Support at R35 and resistance at R42. Trade ideas are my own and not financial advice.
RBX trading in an area of support. I am looking for a bounce to the 50dma as first target and a move to R33 as second target. Ideas are my own and not financial advice.
We might see this guy Deeping a little bit before he continues to go up after that retest
The chart is an extract from my weekly report Raubex (RBX R27.35) | The Bigger the Base The Higher In Space? | SA small and mid caps have caught a bid. Is it time for construction and roadbuilder Raubex to join the upward trend? Back in August we flagged the massive 12-year base in the share, noting that a potential upside break could see the consolidation cease...
Raubex has started trading in a downward sloping channel. Significant divergence is seen between the with the RSI rising and the Volume RSI pushing lower. This indicates selling in the background even as the price was rising. Price has found resistance at the upper channel line and the 2019 Yearly Pivot Point. Looking for a continuation of the downward stride.