JSE:RNI Reinet OverboughtReinet has been undergoing markup after accumulation (See posts below). Now price has reached the overbought line of the upward stride and it is time for a pause.
RNI
JSE:RNI Reinet Breaking to New HighsFollowing the accumulation and markup of Reinet as indicated in the posts below. Now price has made new highs and the path is open for a strong rise.
JSE:RNI Reinet Continuation of Upward StrideAfter an accumulation phase (see posts below) Reinet is now being marked up. Price has now reached the oversold trendline of the upward stride and can be expected to take the next step higher.
Possible ReversalPossible reversal on JSE:RNI because of the bearish harami that formed at the same level as a previous high/resistance.
