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Brait

TRADE UPDATE: BRAIT Plc great company but still coming downLarge 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.
JSE:BATShort
by Timonrosso
BRAIT showing strong downside to come to R2.50Large Bear Box Pattern formed over the last year with Brait. And unfortunately it gets worse. The Highs have become lower and lower accompanied by bearish indicators. 200 > 21> 7 - Bearish RSI <50 Bearish Target R2.50 WARNING: The breakout was definitely not a strong one. So, if there are strong prospects and investors want to protect the company, it could very well be a fakeout. Until then it's bearish until the trend turns. ABOUT BRAIT BRAIT SE (Est. 1995 in Stellenbosch, South Africa) is an investment holding company listed on the Johannesburg Stock Exchange (JSE) and the Euro MTF market of the Luxembourg Stock Exchange. BRAIT invests in a diversified range of businesses, including consumer goods, health and wellness, and technology, media, and telecommunications (TMT) sectors. BRAIT has a global presence, with investments in South Africa, Europe, and the United States. Here are some companies BRAIT has major investments in Premier Foods - a leading food manufacturer in South Africa, producing a range of products under popular brands such as Blue Ribbon, Snowflake, and Manhattan. Virgin Active - a global health and fitness club chain, with over 200 locations in the UK, South Africa, Italy, Spain, Portugal, and Australia. Iceland Foods - a UK-based frozen food retailer, known for its value and convenience, with over 950 stores across the UK.
JSE:BATShort
by Timonrosso
Break-out and retest (BAT & LHC)A short technical note from our Unum Trading Desk analyst, Lester Davids. "On the Brait (BAT) chart, following the test and breakout of the downward trend line, the price has given us a small 3-day pullback, with a positive close yesterday. The RSI is starting to move out of oversold territory so there could be a potential buy/long opportunity on the share . A great recent example of a breakout and re-test was Life Healthcare (LHC) on the right hand chart." If you want to chat about these charts, or any local South Africa stocks, contact our Unum Trading Desk on tradingdesk@unum , call +27 (0)11 384 2920 or live chat with us on t.me
JSE:BATLong
by MarkWeetman