$JSERLO - Reunert: Loss of Momentum But Still Pushing UpSee link below for previous analysis.
The triangle outlook has been invalidated but prices has continued upwards as forecasted but with much reduced momentum compared to wave .
The support trendline is firmly intact but price action has been very choppy from 5370.
It is likely that the stock is f
Reunert Ltd.
No trades
0.65 USD
51.23 M USD
767.94 M USD
About Reunert Limited
Sector
Industry
CEO
Alan Ernest Dickson
Website
Headquarters
Sandton
Founded
1888
Identifiers
3
ISIN US76131U1051
Reunert Ltd. engages in the management of business portfolio. It operates through the following segments: Electrical Engineering, Information Communication Technologies, Applied Electronics, and Other. The Electrical Engineering segment involves in the manufacture and sale of power and telecommunications cables and low-voltage circuit breakers. The ICT segment offers a range of office automation, business communication, connectivity, and asset backed finance products and services. The Applied Electronics segment develops, supplies, and maintains electronic products for defense, commercial applications, and renewable energy solutions. The Other segment includes administration and property portfolios. The company was founded by Theodore Reunert and Otto Lenz in 1888 and is headquartered in Sandton, South Africa.
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#RLO #Reunert breaking out of huge resistance at R60.00Massive breakout from RLO taking out this huge R60.00 level. I have two targets : R73.30 and R96.10 approx. Fact that this chart has spent 3 weekly closes above the major resistance level is a very good sign and likely to go higher. Perhaps if there is some market weakness once can pick this up clos
Our opinion on the current state of RLOReunert (RLO) is a company involved in electrical appliances, electrical engineering, and information communications. The company has been in existence for 130 years and listed for 70 years. It has operations in Australia and Sweden as well as in Zimbabwe, Zambia, and Lesotho. It exports to many cou
$RLO - Reunert: Bullish Wave Four Triangle ConsolidationSee link below for previous analysis.
The five wave count from 3611 is still intact.
I count three waves from 3611 to 6391 which means the consolidation from March 2023 is wave ((iv)) and looks to be unfolding as a triangle.
I will maintain this stance unless a break below 5370 invalidates it.
$JSERLO - Reunert Ltd: Still Medium-Term BullishReunert has not disappointed since the original analysis published 12 December 2022, link below.
There is some uncertainty whether or not wave iv of (iii) is complete but price is holding up nicely above the 5700 resistance turned support zone.
Either way, the wave count calls for consolidation/pull
Reunert - UpdateAfter a beautiful rally from November 2022, price is in a consolidation phase and basing now on its 50 day moving average.
Bulls will want to hold price above this level to continue the momentum to the upside.
The company continues to be well positioned to benefit from renewable energy demand and
$JSERLO - Reunert Ltd: Medium-Term BullishOn the 28th of November 2022, Reunert released good annual results for its 30 September 2022 financial year end.
The salient results were (R'm)
Revenue: R11,129m +16%
Operating profit: R1,231m +17%
Attributable profit: R827m +6%
HEPS: 519cps +9%
EPS: 520cps 8%
Final dividend per share: 224cps
RLO - 1W - RENERTReunert is in the process of turning a resistance coming from 1 June 2021 into a support. Once this is confirmed i will enter this trade with my target being R58 at resistance coming from 1 August 2018. My stop would be at R45. Company came out with good results in bad times, and i think this trend
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Displays a symbol's price movements over previous years to identify recurring trends.









