Timonrosso

UPDATE: Remgro cruising up to R191.31

Long
JSE:REM   REMGRO LTD
Box formation formed after a couple of months and the price broke above the resistance.
Since then it's been on a solid uptrend with a good inclination.

The price has also broken above the Falling Pennant which is confirming the buyers are driving the price.
We have additional indicators showing upside.
MAs - 7>21>200
RSI>50
Target R191.31
Bullish

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.