RobbyP

REMGRO- Hitting resistance

Short
JSE:REM   REMGRO LTD
I don't know why I feel like the general market has blown too hot too early but nevertheless, looking at the REM chart, it does appear to be hitting resistance at current levels. On top of that the share has become extremely over-bought (on the daily chart) with momentum also waning. I expect a small pull-back before any further upside. I plant my flag at R135.50
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