UPDATE Reinet Rounding Bottom with target on track to R460

Reverse Cup and Handle formed broke out and went up.
Now there is a Rounding Bottom (V shape) and the price is showing strong demand still.
7>21>200
RSI>50
Target 1 remains at R460.00

ABOUT THE COMPANY

Reinet Investments S.C.A. is a Luxembourg-based investment vehicle founded in 2008.

The company was created after a restructuring of the Swiss luxury goods company, Richemont.

The purpose of Reinet is to allow investors to directly participate in a diversified portfolio of high-quality assets.

Reinet is listed on the Luxembourg Stock Exchange and its depositary receipts are listed and traded on the Johannesburg Stock Exchange (JSE).

The company's investment strategy is largely focused on long-term capital growth.

Reinet's portfolio spans multiple asset classes and sectors including private equity, listed securities, real estate, and more.

HOW IT GOT ITS NAME

Reinet Investments S.C.A. is named after Reinet, one of the three daughters of Johann Rupert, the company's chairman and a prominent South African entrepreneur. The Rupert family has had a significant influence in the South African business landscape, with stakes in luxury goods, wine and spirits, and other industries. Naming the company "Reinet" serves as a tribute to the Rupert family.