JSEAIL Showing upside to come in the last two years to R11.00Box Formation has occured with JSEAIL.
Technically, this looks like one of those bullish Penny Stocks that is nearly ready to rocket.
There are higher lows forming, strong flagpole and we are seeing other indicators showing upside including.
Price >200
RSI>50
Target R8.00 right to the top of Box formation.
Target 2 - R11.00 - If the price breaks up and out of the pattern.
It's one of those great Penny Stocks technically to just hold and leave alone with risk management principles in place.
ABOUT THE COMPANY
African Rainbow Capital Investments Ltd (ARC Investments) is a capital raising and investment entity incorporated in Mauritius.
ARC Investments was founded by Patrice Motsepe, a South African billionaire businessman.
The company is part of African Rainbow Capital (ARC), a larger investment holding company also founded by Motsepe.
ARC Investments focuses on the South African and broader African economic market, with a specific focus on sectors such as financial services, telecommunications, mining, and agriculture.
The company's investment strategy is driven by its commitment to black economic empowerment and inclusive growth in South Africa.
ARC Investments looks for opportunities to achieve long-term capital appreciation, income generation and benefits from business synergies and strategic partnerships.
ARC's financial services investments include interests in the life insurance, healthcare, asset management, specialist risk and short-term insurance industries.
The company also invests in property, diversified investments, and telecoms (Rain), among others.
African Rainbow Capital owns a controlling stake in TymeBank, a South African digital bank.
