AVENG Cup and Handle and up it goes to R11.28

Cup and Handle has formed on Aveng after a long term downtrend.

The price has broken above the brim level and so momentum is leering up.

Price = 200MA

RSI>50

Target R11.28

ABOUT THE COMPANY

Aveng Group is a diversified infrastructure and engineering company based in South Africa.

Diversified Operations: '
Aveng Group is involved in various sectors, including construction, engineering, mining, manufacturing, and steel.

Establishment:
The company has a long history, dating back to its establishment in 1944.

International Presence:
While based in South Africa, Aveng has expanded its operations internationally, with projects and subsidiaries in other African countries and beyond.

Construction Expertise:
Aveng is known for its expertise in construction and infrastructure development, undertaking projects such as roads, bridges, and buildings.