Remgro heading straight to R165.55 thanks to this triangle

2023年2月26日

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.