Adcorp broken above downtrend and above Rev C&H Target R8.74

Reverse C&H has formed on Adcorp. This was post to the breakout out of the year downside trend line.

Things are looking fantastic for this Penny Stock as an investment point of view.

Moving Averages 7>21>200
RSI>50
Target R8.74

Smart Money Concepts.

Right at the bottom of the cup we can see an Order Block of Sell Side Liquidity.
Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.

ABOUT THE COMPANY

Adcorp Holdings Limited is a South African company specializing in workforce management, offering services such as temporary staffing, permanent placement recruitment, training and development, outsourcing, and other related human resource services.

ABOUT THE NAME: The name "Adcorp" appears to be a combination of "Ad" which might be short for "Advertising" or "Advisory", and "corp" short for "corporation". This reflects the company's role in offering a wide range of human resource and workforce management services, including recruitment advertising and advisory services to corporations.

Founding: Adcorp was established in 1975.

Public Listing: The company was listed on the Johannesburg Stock Exchange (JSE) in 1987.

Global Presence: Adcorp operates in several countries across Africa, Australia, and Asia.

Services: The company's services include temporary staffing solutions, permanent placements, training and skills development, business process outsourcing, disability solutions, and more.

Divisions: Adcorp is structured into different divisions, each focusing on a particular aspect of workforce management and human resource solutions.

Employees: Adcorp employs more than 1,000 people directly. However, considering their temporary staff and placements, the company manages a large number of workers in various industries.

Training: Adcorp offers extensive training programs, including learnerships, internships, and skills programs, to enhance employability and address skill shortages.