$JSERBX - RAUBEX: Back In Consolidation Zone
Raubex has certainly been a frustrating stock since listing on the JSE.
After trading sideways in a clear range between 2009 to 2020, the share finally broke out and rallied in what looked like a clear breakout.
Sadly the share has pulled back sharply and could not turn historical resistance into support.
With the construction industry still not seeing much in terms of tailwinds, its best to sit on your hands on this one.
After trading sideways in a clear range between 2009 to 2020, the share finally broke out and rallied in what looked like a clear breakout.
Sadly the share has pulled back sharply and could not turn historical resistance into support.
With the construction industry still not seeing much in terms of tailwinds, its best to sit on your hands on this one.
