The chart is an extract from my weekly report
Raubex (RBX R27.35) | The Bigger the Base The Higher In Space? | SA small and mid caps have caught a bid. Is it time for construction and roadbuilder Raubex to join the upward trend? Back in August we flagged the massive 12-year base in the share, noting that a potential upside break could see the consolidation cease and set the share up for a new bull trend. This month the share hit it's highest level since 2008 with the price action suggesting buying interest. From a long term portfolio perspective, the share can be accumulated, with further addition on a close above the resistance level. Buying range: R26.00/27.00. Stop-loss: 24.70. Monthly Chart.
Raubex (RBX R27.35) | The Bigger the Base The Higher In Space? | SA small and mid caps have caught a bid. Is it time for construction and roadbuilder Raubex to join the upward trend? Back in August we flagged the massive 12-year base in the share, noting that a potential upside break could see the consolidation cease and set the share up for a new bull trend. This month the share hit it's highest level since 2008 with the price action suggesting buying interest. From a long term portfolio perspective, the share can be accumulated, with further addition on a close above the resistance level. Buying range: R26.00/27.00. Stop-loss: 24.70. Monthly Chart.