TRADE UPDATE: BRAIT Plc great company but still coming down
Large Bear Box Pattern formed and the price broke below.
The signs were showing downside to come.
But it's been a slow trade.
200 > 21> 7 - Bearish
RSI <50 Bearish
Target remains at R2.50
ABOUT THE COMPANY
Brait SE was founded in 1991 and is headquartered in Johannesburg, South Africa.
The company has a diversified portfolio of investments in various sectors, including healthcare, food, retail, and financial services.
The company has investments in several well-known brands, including Premier Foods, Virgin Active, and New Look.
The company has a market capitalization of approximately R4.4 billion as of April 2023.
Brait's largest shareholder is Christo Wiese, a South African billionaire businessman.
Brait's current CEO is John Gnodde, who has been with the company since 2014.
In 2015, Brait acquired a 90% stake in Virgin Active, one of the largest health and fitness club operators in the world.
The signs were showing downside to come.
But it's been a slow trade.
200 > 21> 7 - Bearish
RSI <50 Bearish
Target remains at R2.50
ABOUT THE COMPANY
Brait SE was founded in 1991 and is headquartered in Johannesburg, South Africa.
The company has a diversified portfolio of investments in various sectors, including healthcare, food, retail, and financial services.
The company has investments in several well-known brands, including Premier Foods, Virgin Active, and New Look.
The company has a market capitalization of approximately R4.4 billion as of April 2023.
Brait's largest shareholder is Christo Wiese, a South African billionaire businessman.
Brait's current CEO is John Gnodde, who has been with the company since 2014.
In 2015, Brait acquired a 90% stake in Virgin Active, one of the largest health and fitness club operators in the world.
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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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