Equities | Nepi Rockcastle: The share has been consolidating for the past 3 1/2 months in the form of a falling channel. This forms part of a larger base that has been in palce for 22 months of which an upside range break could see the share gain upward momentum.
Welcome back MediClinic! After some pressure years, you’re back into “overbought” after a solid trading update this week.
Top 5 Oversold & Overbought currently according to their 14-day RSI’s:
Oversold:
Hospitality Property B 27
Fortress REIT B 30
Cashbuild 31
Libstar Hlds 34
NEPI Rockcastle 35
Overbought:
Northam Platinum 83
MediClinic Intl...
Price tried twice on the daily to break through the Kijun and failed. Yesterday closing just below Kijun raising alerts then today the gap down confirmation of bears control. My two levels of significance being 13257 and 12748. The former should have been the entry level but the gap down threw us off there,regardless short on close of trading in Joburg with 1st...
In a week market, NEPI has been holding up and trading in a narrow range near the top of the TR. With a rally in the market, NRP now looks like taking the next step higher to the yearly pivot point and to of the upthrusts (UT) during the TR. Looking for a break of this for a nice upside move.
Since June, the share price of Nepi Rockcastle has faced resistance around the R134 level, with each test being met with sellers stepping up. This consolidation has also seen the price develop an ascending triangle formation suggesting that buyers remain interested in accumulating the share. Today, we are seeing the price attempting to break above the overhead...
I have been following the accumulation range (see link) since a spring in November 2018. Price has now moved to the top of the TR and it looks good for a breakout of the TR to the yearly Pivot Point. Some volume and signs of strength are seen.
NEPI Rockcastle owns and manages a portfolio of dominant retail properties in the following high-growth CEE countries: Romania, Poland, Bulgaria, Slovakia, Hungary, Croatia, Czech Republic and Serbia. The Group benefits from a highly-skilled internal management team which combines asset management, development, investment, leasing and financial expertise....
NEPI has been range bound since February. At the end of November we have seen a spring on high volume. There has been a lower volume test and I am waiting for a good bullish bar to start building a position and a jump across the 200Day SMA. However, some caution is still needed as the 200Day SMA seems to be holding. There is divergence on the Volume RSI confirming...
