Long NRPAfter a lengthy basing out Nepi seems like its ready to go...can wait for a pullback before going long in anticipation of another leg up. NLongby momoparuk5
NRP -Nepi Rockcastle Breaking out of a 4 month consolidation.NRP breaking out of a 4 month consolidation. RR : 1.85NLongby T2TWELL7
$JSENRP Nepi rockcastle. Bull flag in progress.A break of 13360 could open 14370 target. Wait for the breakNby KoosKanmarUpdated 6
JSE:NRP NEPI Taking the Next Step HighterIn 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.NLongby SteynTrade7
Nepi Rockcastle 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 resistance, with the price testing a 10-month high of R134.74. Should we see a pullback to below 13300c, this may offer traders an opportunity to take a buy/long position in anticipation of a short term upward trend being developed. Trade Plan for NRP: - Buy on a pullback to below 13330c - Should the price make a sharp pullback, use a stop-loss of 12900c to protec capital - Take profit at 13950c and 14200c NLongby LD_Perspectives4
$JSENRP - Bullish flag setup formingKeeping a close eye on NRPs as a bullish flag is being formed.NLongby TiggzzPhi5
JSE:NRP Nepi Rockcastle The Next Move HigherI 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. NLongby SteynTrade2
Lets go bullish for some timeWe are expecting NRp to rise after their biggest fall after the IPO, NLongby Mars_African_EmpireUpdated 5
NEPI ROCKCASTLE TRADING SCANDAL HURT, WILL IT RECOVER?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. Geographically diverse management skills allow NEPI Rockcastle to pursue Central and Eastern European (CEE) property opportunities more efficiently, benefiting from a strategic advantage in the acquisition, development and management of properties. The Group is well positioned for growth, driven by its best-in-class operating platform, as well as its historically proven capacity to deploy existing capital resources into attractive direct property investments. NEPI Rockcastle continues the active investment policy that supported the growth of NEPI and Rockcastle respectively over recent periods, with a strong pipeline of acquisitions and developments currently being pursued in its targeted region. NRP is however part of a large trading scandal where they were accused of overstating profits and have taken big hits in terms of share price. Technicals There are two options here but both setups indicate that there should be further downside. Option 1 Here we can see the initial impulse move to the downside on the left and I expect the second impulse to complete to the downside at a target price of around 3000. The corrective structure completed 4 waves and broke to the downside and is now on the retest level which means that the second impulse could begin shortly. Option 2 The same initial impulse move applies but we could see the formation of a larger correction as indicated above. The break to the downside for impulse two will have the same target as option 1 and could occur on wave 4 or alternatively after the completion of wave 5 to the top first. Nby Linton_White4
JSE:NRP NEPI Rockcastle Potential Spring and TestNEPI 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 buyers in the market. NLongby SteynTradeUpdated 3