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  • Lester Davids

UPDATE: Reinet Investments (RNI) - Thursday, 18 April 2024

Thursday, 18 April 2024 | 06h30


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The share has unwound from R484, having tested a low of R417 during yesterday’s session.

 

Previously, at R484 on 29 February, the share was trading 48% above it’s 200-week SMA, which was double it’s long term average. For existing long positions at the time, this was a risk.


 

The original extract is shown below.


 

To trade, or open a new account, contact the Unum Capital Trading Desk:

E-mail: tradingdesk@unum.co.za | Call: 011 384 2923 


Lester Davids

Analyst: Unum Capital

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