W Formation on Multi-Choice looking good to R147.60W Formation from the last update with Multi Choice is looking good and on track.
It broke above the neckline, and it's been swimming on up on a good inclination (45 degrees).
Indicators are also looking positive.
7>21>200 Bullish
RSI >50 >70 - Bullish
Target R147.60
ABOUT THE COMPANY
MultiChoice was founded in 1995 as a subsidiary of the South African media group Naspers.
The company operates DStv, a digital satellite television service that offers a wide range of entertainment channels and packages.
MultiChoice has a presence in over 50 countries in Africa, including Nigeria, Kenya, Ghana, and Tanzania.
The company has over 19 million subscribers across the continent, making it the largest pay-TV provider in Africa.
MultiChoice's services include DStv, GOtv, and Showmax, a streaming service that offers a range of local and international content.
MultiChoice has a market capitalization of over R64 billion as of February 2023.
