Jsenrp
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.
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.
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.
