Remgro heading straight to R165.55 thanks to this triangle
Ascending Triangle is forming nicely on Remgro.
We see the 7 and 21 MA above 200.
But more importantly, Price >200 - Bullish
RSI>50 - Bullish
Target R165.55
ABOUT THE COMPANY
Remgro was founded in 1990 (Stellenbosch, South Africa) by Johann Rupert, a South African entrepreneur and businessman.
The company was established as an investment holding company with a focus on building a diversified portfolio of long-term investments.
Today, Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company's portfolio includes holdings in some of South Africa's largest and most well-known companies, such as MediClinic, FirstRand, and RMB Holdings.
The company's name is an abbreviation of "REsource Management GRoup."
Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company has a market capitalization of over R100 billion as of February 2023.
We see the 7 and 21 MA above 200.
But more importantly, Price >200 - Bullish
RSI>50 - Bullish
Target R165.55
ABOUT THE COMPANY
Remgro was founded in 1990 (Stellenbosch, South Africa) by Johann Rupert, a South African entrepreneur and businessman.
The company was established as an investment holding company with a focus on building a diversified portfolio of long-term investments.
Today, Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company's portfolio includes holdings in some of South Africa's largest and most well-known companies, such as MediClinic, FirstRand, and RMB Holdings.
The company's name is an abbreviation of "REsource Management GRoup."
Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company has a market capitalization of over R100 billion as of February 2023.
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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