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Jsecfr

Richemont breakaway gap for the downsideInverse C&H has formed on Richemont. Before the handle formed, it made a Breakaway gap. This is where the price stopped its current uptrend, broke below where there is liquidity that didn't fill, and then continued down. Now gaps close 70% of the time, so we could get a spike up before the downside. But that would be for a conservative trader. Other indicators show downside to come. 7=21 Price>200 RSI <50 Target R2,299 ABOUT THE COMPANY: Origins: Richemont was created in 1988 by South African businessman Johann Rupert. Its creation represented the spin-off of international assets owned by Rembrandt Group Limited of South Africa. Headquarters: The company's global headquarters is located in Bellevue, Switzerland. Luxury Brands Portfolio: Richemont owns several of the world's leading luxury goods companies, with particular strengths in jewelry, luxury watches, and premium accessories. Their portfolio includes brands such as Cartier, Dunhill, Montblanc, and Van Cleef & Arpels. Watch Expertise: The company is known for its Swiss watchmaking brands like Jaeger-LeCoultre, Piaget, IWC, Baume et Mercier, Vacheron Constantin, Officine Panerai, and Roger Dubuis. Global Reach: Richemont operates in over 35 countries globally and sells its products in over 100 countries.
JSE:CFRShort
by Timonrosso
Richemont shooting up since share distribution to R4,142 Rising Wedge has formed on Daily. Normally you expect the price to break down as it's generally a bearish pattern. However, as the trend is up, the wedge is up and the gap is up - signals strong upside. The price has broken up, and we could get a bit of downside before the next move up. 7>21>200 RSI>70 Target R4,142 FUNDAMENTALS: It seems like since the share distribution 1:10, investors are seeing the share as a valuable one to hold in long term portfolios, which is why they're buying the share up. R3,400 is more attractive than a R340.00 share clearly. We'll have to see how this one plays out
JSE:CFRLong
by Timonrosso
FUNDAMENTALS-Share Consolidation (Reverse Stock Split) RichemontOn 19 April 2023, Richemont went through a Share Consolidation (Reverse Stock Split). That's why we saw the price move from R300 up to R3,027 (909%). But before you get excited with whether you could have profited big time we need to remember what a Reverse Stock Split is... What is a Reverse Split (Share consolidation)? • The opposite of a stock split where • When the company makes a corporate action to • Reduce the number of its outstanding shares to its shareholders • Which simultaneously increases the share price • The shareholder will still have the same value proportional. What happens to the par value of the share price? A decrease in the number of shares means that the share price will go up! Why would a company do a reverse spit? The company might be under the impression that shareholders think the share price is too low. So, they’ll cut the number of shares and increase the shareholder which will give the impression of the share price higher and more valuable. EXAMPLE: With Richemont – 19 April 2023 SPECIFICS: Share consolidation: Reverse Stock Split 10:1. BEFORE: The share price was R300.00 AFTER: The share price is R3,027 No. SHARES OWNED: 100 AFTER CONSOLIDATION: For every 10 shares you owned before, you now own 1 share. So your 100 shares would be consolidated into 10 shares. OVERALL VALUE: BEFORE: 100 shares X R300 = R30,000 AFTER: 10 shares X R3,027 = R30,270 In this case, the value of the investment has indeed increased after the share consolidation but only marginally.
JSE:CFREducation
by Timonrosso
Is $cfr $jsecfr about to rollover?$cfr is trading above its long term channel it has respected since 2007. Last time it flew above this channel its wings melted. The RSI and Moneyflow indicators show that strength is leaking out of this share. Investors are securing profits. This is a quality share with a strong outlook but may return to former support around CHF 127 to consolidate. Not a good long term entry currently. On the JSE the move could be influenced by the USDZAR strength or weakness. If the dollar rolls over this share will roll over too.
SIX:CFRShort
by Woodcutter