Richemont - Positioning for upside following results
Updated
Richemont has been consolidated over the past few months around the R 90.00/ R 95.00 levels..and has recently broken above a key resistance at R 95.00.. This following this mornings results coming inline with consensus. The stock is a good proxy for any good news coming from the US/ China trade talks and may possibly re-rate upwards.
I'm of the view the stock could possibly re-rating towards the R 110/ R 115 levels over the medium term.
I'm of the view the stock could possibly re-rating towards the R 110/ R 115 levels over the medium term.
Note
Testing the trend resistance.. keeping a close eye on..
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