Nepi Rockcastle (NRP), a significant Real Estate Investment Trust (REIT) with a valuation of R124 billion, specializes in managing over 56 shopping malls across nine Central and Eastern European countries. The company's portfolio is particularly concentrated in Poland, Romania, Slovakia, Bulgaria, Croatia, and Hungary. Nepi Rockcastle's share price experienced...
Nepi-Rockcastle (NRP) is a R124bn real estate investment trust (REIT) which operates more than 56 shopping malls in 9 central and eastern European countries, mostly in Poland (24%), Romania (35%), Slovakia (9%), Bulgaria (8%), Croatia (5%) and Hungary (11%). The share fell with the rest of the Resilient group (as a result of the 360ne report in January 2018) from...
See link below for previous analysis.
Nepi has held firm since the last update.
The outlook is still intact and I am forecasting a strong move up from 9764 as a third of the third wave which tends to be very strong.
Short-term aggressive traders can use 9764 as a stop-loss level.
Nepi-Rockcastle (NRP) is a R124bn real estate investment trust (REIT) which operates more than 56 shopping malls in 9 central and eastern European countries, mostly in Poland (24%), Romania (35%), Slovakia (9%), Bulgaria (8%), Croatia (5%) and Hungary (11%). The share fell with the rest of the Resilient group (as a result of the 360ne report in January 2018) from...
NEPI Rockcastle's Chart: A Bearish Forecast with a Target of 80.
NEPI Rockcastle plc
1. Price Formation: The price has previously broken out of an M price formation on a daily chart and hit a target. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the Price.
5. Relative Strength Index...
A price action above 10700 supports a bullish trend direction.
Increase the long exposure for a break above 11200.
Upside target is set at 11700.
Stop-loss is set at 10300.
When a share is said to be in "wave 5" of the Elliott Wave Analysis, it means that it has already completed four waves in the direction of the main trend and is currently in the fifth and final...
NEPI listed on the JSE on 12 Jul 2017 and after an initial post-IPO run, the share price experienced a strong selloff from it high of R211,14.
The first selloff into early 2018 was a clear and crisp impulse for wave (A).
What followed was sideways consolidation in a triangle pattern for wave (B).
During this consolidation, NEPI's financial reporting came under...
Nepi broke out of a bullish looking flag formation and has pulled back to test the support level of this pattern today. If this level hold, it will be a bullish signal with an upper target around the 13000 level.
Terrific looking chart. Bull flag break and an upper channel resistance test of 9600 today. 10500 & 11450 levels could become targets. Stop loss with a break back into the flag pattern.
Nepi has together with most of the big players in the property space moved aggressively up in the last couple of months. Nepi has now reached the top of a larger channel and into a consolidation phase. This consolidation pattern (flag) needs to be watched carefully. An upper break through the 9600 levels could see a continuation of the upper trajectory. A break...
