RDF rangeRDF trading in a range. Long of support as close to R4.00 and sell into resistance between R4.40 - R4.50.
A break above R4.50 will be bullish for further gains.
Ideas are my own and not financial advice.
RDF trade ideas
Technical Trade Setup: Redefine PropertiesBull flag in a larger channel. Maybe we see a pullback tomorrow, maybe not. If we do, the trade levels are as follows:
Current: 423c
Buy between 412c-418c
Stop-loss: 402c
Target Range: 445c-455c
*Manage your own risk*
JSE:RDF Redefine Properties the Move is Now OnI 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.
Redefine (RDF)Ascending triangle technical chart pattern developing. Should it be confirmed, could we get 6?
Redefine CorrectionRelatively new to technical analysis and trying my hand at using Fibonacci retracement and moving support and resistance lines.
My feeling is Redefine is going through a bit of a correction and probably will find support near to the 3.40 mark. If the drop continues then we could find support again around the 3.19 mark.
If it simply just profit takers from the move above 4.00 we should see Redefine bounce back a bit.
Disclaimer: Just my thoughts and opinions, not financial advice, like I said, new to technical analysis so do not crucify me.
Thanks
JSE: Redefine Properties Markup?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. After reaching the top of the trading range we have seen a pause but the price has not been able to break back into the trading range and we are now watching for the markup to begin with a significant bar higher.
RDF -1D - REDEFINE TAKING A PUNT - UPDATEMy punt worked with redefine as on 08 Jan. Stochastics are now showing oversold on both weekly and daily charts, I will hold this stock UNTILL ATR
Alerts me to the fact that i may sell. I will not buy at these levels, rather wait for a pullback.
They dabble in the office space which is negative, and will not be paying dividinds
ll ATR
Redefine could be offering significant upsideWatching Redefine very closely around this level. If the resistance turned support line can hold around these levels, then price could eventually recover to R6. However, if support fails, further support should be found around the R3.50 price level. Trade offers a roughly 3:1 reward to risk ratio.
Redefine Analysis Redefine proving to be quite volatile seems to be repeating its patterns from before. Strong rally followed by a drop(Sometimes steep) and the share price. A support line at R 3.10 seems to be holding well but if the past is anything to go by, it would be safe to assume the share price might drop further. Redefine seems to be moving heavily on news, which can explain the fluctuations. It would be safer to wait for a further price drop to around R 2.67 to partially buy in and then further buy at around R 2.40 as these supports have been strong levels holding the share price.
RDF Cup & Handle SetRedefine has a nice cup & handle set, should move up to attack the resistance where it turned from.
RDF -1D - REDEFINE TAKING A PUNTNice retrace on Redefine. ATR giving buy signal, stochastics 5 and 14 in oversold positions. Taking a short term punt.
Redefine analysis One of the big finishers of the week, Redefine posting 20% increase. And in the week to come we can only hope that the rise continues. In the year they have shown strong potential to rebound and their previous blow was a certain investment property coming back to haunt them when they least expected it. Redefine is a confident pick to back for recovery as they have shown great effort in cleaning up their balance sheets. More than likely, 5 years down the line they should be far above where they are currently.
REDEFINE - Cup and handle scenario It's still a bit early to call a c&h formation however we're currently above the 200 EMA and if it continues on this trend and breaks through the resistance levels up until Feb 2021 (dividend payout date) this is a likely scenario
RDF Weekly Breakout RDF seem to be lagging the sector.
Solid base established between 200 & 220
Downtrend broken.
Volume increasing and price above 10ema
Weekly close above 10ema would confirm long idea
250 would be break of the consolidated Box it was trading in
Potential targets: 350, 400 and gap close at 450
Disclaimer: This is my personal view and opinion and should not be taking as trading advice
JSERDF consolidatingRDF curently moving within a consolidating area, with boosted optimism around the vaccine and global investors appetite shifted towards risk on, we could indeed see a break of the 240 resistance (50 day ema) and enter into a long position. This would signal a new uptrend
$JSERDF has Broken the resistance.Redefine struggling to break out of a downtrend for now, watch that line and the 240 level, a break above here will start a new uptrend.
Bounce play for RDF Although RDF and SA property have been struggling post lockdown I do think there is some lagging behind and a 'bottoming out' that has taken place. I like the 200 level here and has great risk reward opportunities. 192 as a tight stop.
