Redefine has been easy to probability predict in the last two years.
It's been on one strong trajectory down.
And after each crash, there is a relief rally to buy and profit from.
However, now we are in tricky territory.
There is a Broadening Triangle being formed which can break either way. That's the difficulty with Broadening patterns.
My bet is DOWN...
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...
