Reinet Investments S.C.A. (RNI) is an investment holding company, with its primary asset being a significant stake in British American Tobacco (BAT), constituting roughly 2.12% of BAT's shares. This stake is valued at approximately $1.8 billion and represents about 31% of Reinet's net asset value (NAV), a substantial decrease from 85% a decade ago. The reduction...
Reinet (RNI) is an investment holding company whose main asset is a holding of roughly 2,12% of British American Tobacco (BAT) worth about $1,8bn which now accounts for 31% of its net asset value (NAV) - down from 85% ten years ago. This decline from a year ago is because the price of BAT shares has fallen. Most of this reflects the more difficult legal...
Reinet (RNI) is an investment holding company whose main asset is a holding of roughly 2,12% of British American Tobacco (BAT) worth about $1,8bn which now accounts for 31% of its net asset value (NAV) - down from 85% ten years ago. This decline from a year ago is because the price of BAT shares has fallen. Most of this reflects the more difficult legal...
Reinet (RNI) is an investment holding company whose main asset is a holding of roughly 2,12% of British American Tobacco (BAT) worth about $1,8bn which now accounts for 31% of its net asset value (NAV) - down from 85% ten years ago. This decline from a year ago is because the price of BAT shares has fallen. Most of this reflects the more difficult legal...
Reinet (RNI) is an investment holding company whose main asset is a holding of roughly 2,12% of British American Tobacco (BAT) worth about $1,8bn which now accounts for 31% of its net asset value (NAV) - down from 85% ten years ago. This decline from a year ago is because the price of BAT shares has fallen. Most of this reflects the more difficult legal...
Reinet Investments seems to have printed a Head & Shoulders Pattern.
The outgoing tide lowers all boats they say.
This is the simple line chart view.
Please do your own analysis. This is not advice.
Smash the Rocket Boost Button if this helped you.
Regards Graham.
Reinet (RNI) is an investment holding company whose main asset is a holding of roughly 2,12% of British American Tobacco (BAT) worth about $1,8bn which now accounts for 31% of its net asset value (NAV) - down from 85% ten years ago. This decline from a year ago is because the price of BAT shares has fallen. Most of this reflects the more difficult legal...
I published this chart on Friday morning, pre-market.
Friday 20-October-2023, 06h30 Reinet Investments (RNI, 38595c). Lowest Level Since April + Head & Shoulder Technical Formation. The share exceeded my previous short/sell target of R398 (reaching a low of R386) which was followed by a rebound and subsequently, another decline which saw the price trade at it's...
Capital 100%
Risk on trade - 1%
Expected Return - 15%
Trades are fictional and conducted for portfolio building purposes.
Reasons for trade:
Recessionary Strategy:
- High Interest Rates, provide higher yields for financial sector.
- Weekly Bullish Order flow.
- Daily Intermediate Swing Structure created.
-Hourly ITS finalised.
Reverse Cup and Handle formed broke out and went up.
Now there is a Rounding Bottom (V shape) and the price is showing strong demand still.
7>21>200
RSI>50
Target 1 remains at R460.00
ABOUT THE COMPANY
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle founded in 2008.
The company was created after a restructuring of the Swiss luxury goods...
Reinet Investments (RNI, last close 41814c) may be approaching a medium term overbought range.
Here are 3 items to note:
Weekly chart shows price nearing upper boundary of channel (potential) resistance.
A 7-week RSI print above 85 is associated with 'high bullish momentum/approaching overbought' conditions. See lower panel on chart.
Notice that the share is...
Reverse Cup and Handle has formed on the daily chart.
The price broke above the brim level, and since then has made higher lows.
There are other indicators showing upside to come including.
7>21>200
RSI>50
Target 1 = R460.00
CONCERNS:
The price action is very volatile and jumpy. This is not conducive for trending and breakout trading systems as there can be...
Reinet Investments formed a inside bar for 2021 , range R308.27 - R256.23
Bullish case would be a break of R308.27 to trade towards R348
Early entries and risk management can be done on the smaller Monthly/Weekly/Daily charts
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Testing some major resistance.
Upside price momentum supports the bullish trend.
A price action above 26500 supports a bullish trend direction.
A recent bullish MACD crossover supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
A bullish harami pattern has formed at a strong support level on JSE:RNI . This is a strong bullish signal and coupled with the strong support level, I think we could see a nice move upwards towards the resistance at around the 29000 level.
RNI been trading in a range for a while now. From June the big range narrowed to between R275 as support and R295 as resistance. Currently it broken below that support of R275 and traded down to support at R261 area. Keep an eye for a new range between R261 and R275. My preference will be to trade it on the long side only.
Remains below its 200-day simple moving average - which is bearish in nature.
Below 28250 is a bearish trend applicable.
The Linear regression channel also slopes downwards - supporting a bearish trend direction.
Downside price momentum supports the bearish trend.
As some major support.
Potential profit target and stop-loss presented.
Although not confirmed yet, JSE:RNI is looking like we could be in for a downward move sometime soon. The MACD and EMA's are yet to confirm to the move, but the price has broken through the 200SMA which could indicate a change of trend. Keep an eye on this for confirmation of a short position.
