Remgro broken out of the box and next up R191.31
Box formation has been in the process in the last few months...
In this case, it looks like it'll be a continuation pattern. The prior trend was up, we have a consolidation process now and soon we should get a breakout.
I'm guessing up.
MAs - 7>21>200
RSI>50
Target R191.31
ABOUT THE COMPANY
Remgro Limited is an investment holding company based in South Africa.
Establishment:
Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer.
Name Origin:
The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s.
Investment Focus:
The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors.
Headquarters:
Remgro's headquarters are located in Stellenbosch, South Africa.
Major Investments:
Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell.
Mediclinic Corporation:
In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group.
Sports Investment:
Remgro owns a controlling interest in the Stellenbosch Rugby Academy.
Market Cap:
Remgro had a market capitalization of around 75 billion ZAR.
In this case, it looks like it'll be a continuation pattern. The prior trend was up, we have a consolidation process now and soon we should get a breakout.
I'm guessing up.
MAs - 7>21>200
RSI>50
Target R191.31
ABOUT THE COMPANY
Remgro Limited is an investment holding company based in South Africa.
Establishment:
Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer.
Name Origin:
The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s.
Investment Focus:
The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors.
Headquarters:
Remgro's headquarters are located in Stellenbosch, South Africa.
Major Investments:
Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell.
Mediclinic Corporation:
In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group.
Sports Investment:
Remgro owns a controlling interest in the Stellenbosch Rugby Academy.
Market Cap:
Remgro had a market capitalization of around 75 billion ZAR.
✅ Facebook:
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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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