Remgro will be a share I’ll be monitoring closely over the next few weeks. Nice little recovery that started in October last year, bringing the price now very close to the Apex of the Symmetric Triangle pattern.
A break below the support (lower ascending trendline), could see us test R193.60, with a break through those levels, most probably testing the R185.60 levels again.
A break above the resistance (upper descending trendline), could formally break and keep us in the R200 levels, with R211.30 being my first target. A break through those levels, could possibly take us back to R218.30.
On 7 March 2019, $JSEREM formally had a Golden Cross, which makes a bullish case for the price movement.
According to Thomson Reuters consensus, analysts currently have a price target of R236.67 (19% upside) and a 1yr forward PE of 9.5 times.
A break below the support (lower ascending trendline), could see us test R193.60, with a break through those levels, most probably testing the R185.60 levels again.
A break above the resistance (upper descending trendline), could formally break and keep us in the R200 levels, with R211.30 being my first target. A break through those levels, could possibly take us back to R218.30.
On 7 March 2019, $JSEREM formally had a Golden Cross, which makes a bullish case for the price movement.
According to Thomson Reuters consensus, analysts currently have a price target of R236.67 (19% upside) and a 1yr forward PE of 9.5 times.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.