Watch the QuanTechMental analysis using this link youtu.be/bosgTyTSjtg
Remgro is undergoing massive restructuring of its underlying investments so one needs to focus a lot on the fundamentals.
Restructuring does not always bring the value unlock investors look for and can end up being value destruction.
The charts show that since bottoming at R82,93 and rallying to a peak at R154,85 the share has been moving generally sideways.
Though it is premature show say that a head and shoulders pattern has formed, it is worthwhile to take it into consideration as a possibility.
As a result, i am cautious on Remgro both from a fundamental and technical standpoint.
Remgro is undergoing massive restructuring of its underlying investments so one needs to focus a lot on the fundamentals.
Restructuring does not always bring the value unlock investors look for and can end up being value destruction.
The charts show that since bottoming at R82,93 and rallying to a peak at R154,85 the share has been moving generally sideways.
Though it is premature show say that a head and shoulders pattern has formed, it is worthwhile to take it into consideration as a possibility.
As a result, i am cautious on Remgro both from a fundamental and technical standpoint.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.