The Resilient group of companies (Resilient, Lighthouse - previously Greenbay, Rockcastle, and Fortress) were once considered the high-flyers of the property sector until the beginning of 2018 when a damning report by 360ne Asset Management shook investor confidence. The report alleged that the high share prices of these four real estate investment trusts (REITs)...
A price action above 4060 supports a bullish trend direction.
Increase ling exposure for a break above 4340.
The target price is set at 4530.
The stop-loss price is set at 4020.
Remains a risky trade.
The Resilient group of companies (Resilient, Lighthouse - previously Greenbay, Rockcastle and Fortress) used to be the high-flyers of the property sector until the beginning of 2018 when a damning report was produced by 360ne Asset Management. The report claimed that the high prices enjoyed by the shares of these four real estate investment trusts (REIT) was...
The Resilient group of companies (Resilient, Lighthouse - previously Greenbay, Rockcastle and Fortress) used to be the high-flyers of the property sector until the beginning of 2018 when a damning report was produced by 360ne Asset Management. The report claimed that the high prices enjoyed by the shares of these four real estate investment trusts (REIT) was...
The stock is currently forming what looks like an Inverse Head and Shoulders Pattern. The break of the Neckline will confirm our potential 100 percenter.
The stock has found some bedrock it seems and is curling up through the 20ema
R36.60-R40.60 remains a major support zone and while price holds, we could see a move back to the 200 dma
Waiting for potential buys, lets wait to see if the move to the upside will be sustained with a break above the indicated level, if not then we will wait to buy at the second level indicated
Equities | Resilient REIT – following a 22-month consolidation base, the share is looking to break the horizontal overhead resistance zone of R70 per share. Supporting the bullish technical setup are the higher lows which has been in place since April 2019 as well as the rising 50-day simple moving average and gradually rising 200 -day simple moving average. Using...
Equities | RES Resilient REIT
A longer term view. RES trying to break to the upside of a 22-month base consolidation.
Resistance currently around the 7000c level, with higher lows having been developed.
Price > 50-day & 200-day MA's, both of which are turning higher.
In the words of Louise Yamada: "the bigger the base, the higher the space"
$JSERES - rice action resembling that of an ascending triangle but will wait for it to break out on the upside to confirm. Looking for a close above above 6450.
Resilient (RES): Has formed a 12-month base in the form of an inverse H&S. Price trend is starting to turn positive (above 50&200d). Price is supported by trend line going back to Aug 2018 and the green shaded area is where one could start to accumulate. Inverse H&S will be triggered above 6750c where one could add into strength. The price has recently moved back...
Resilient forming a flat top triangle. Two targets here 6900 & 8600. If you want to play it save, wait for the flat top 6900 to break. US looks stretched, so be careful in not taking too large positions. Keep stop losses tight.
