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+7% With Potential For Further Gains. Extended Target = R500

Writer: Lester Davids
Lester Davids
Oct 27
1 min read

NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes


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Reinet Investments (RNI): Up 7% vs buy re-entry range, with potential for further gains.

Extended target = R465 followed by R500.

Short term traders could consider taking profit.

Alternatively, to protect gains, medium term traders could utilize a trailing stop-loss.



Previous Post: Trading Reinet Investments: Provisional Buy Re-Entry Range


Published after the market close on Wednesday, 26 August, for Thursday 27 August.


Reinet Investments (RNI) | What I find most appealing about this BUY setup is the price nearing oversold conditions (daily & weekly) into multi-month support / bullish divergence (14-day RSI not shown on the chart) / the current negative sentiment re: management's capital allocation / the selling is less aggressive that what was previously seen and although the share traded at a multi-month low, there are early signs of improving candle structure. WATCH 41000c to 42200c for evidence of institutional buying interest.



Lester Davids

Senior Investment Analyst: Unum Capital

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