Symmetrical Triangle formed last year and the price broke below the apex. It has been a very slow moving trade analysis, but that's what happens with blue chip companies. The companies do what they can to fight for the price (and rightfully to do so). 21>7 >200 - Mixed RSI <50 Bearish divergence Target R3.20 ABOUT The company Redefine Properties was founded...
Potential Inv H&S Price touching 200MA RSI>50 and downtrend Target R4.83 Bullish and awaiting a potential buy signal...
We can expect RDF to move higher to FIB 61.8. This will happen from anytime now till next year Jan I would say in my opinion
I have been waiting for this significant bar since March - see post below -. A significant bar with some increased volume yesterday could get things going to higher prices. It is pushing away from the yearly pivot point and we could see some momentum now.
After following Redefine down since mid-2019 it is time to follow it up - see posts following it down below - it is now time to follow it up. A base was formed starting in March 2020 which has turned out to be an accumulation trading range. A last point of support (LPS) was formed making higher highs with signs of strength (SoS) with some volume behind the move....
This is my own view and should not be taken as Financial advice This chart aged well, even though it has been the leader for volume on JSE the resistance has proven too thought to be flipped Expecting this share to go below 200 very soon. If the 197 support breaks we will see a new all time low. plus side the Monthly and weekly RSI is oversold I would wait...
The re-distribution of Redefine has completed and price is breaking lower. The markdown is gaining speed. See posts below following distribution.
- Price looks to have found a bottom - Double bottom + cup/handle pattern - Volume shows steady accumulation - TP & SL on chart - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:RDF has formed a dak cloud cover which is a top reversal signal, so we can anticipate a downward move. Bear in mind that there is also a tempting gap to fill above the current price, so if it goes up, I will enter long at the fractal from 3 June.