JSE:RPL RDI Reit Wyckoff Phase E Markup StartingFollowing the accumulation of RDI Reit (see post below), according to Wyckoff logic, we have broken the trading range (TR) and had a backup. The markup in Phase E is starting and targeting the 2300 level.
Jserpl
JSE:RPL RDI Reit AccumulationAlthough RDI Reit has been in an overall downtrend on the weekly we are potentially seeing an accumulation range that has formed that should result in a backtest on the larger TF. We have gone through the Wyckoff Phases and potentially are seeing a last point of support (LPS) after some signs of strength (SOS). Some but not very high volume on up bars could point to someone buying into the stock after a high volume spring.
