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Jsemcg

Multichoice showing upside before downside thanks to GAPS - SMCSell Side Liquidity Order block - Bullish This is seen by a very strong support that's formed since October 2022. We also have had a FVG (Fair Value Gap) Candle. This is where the previous candle and the third candle hasn't filled the orders. That's why we expect the price to go up, fill the gap and then possibly turn down from here. Target R140.00 If the price breaks below Sell Side Liquidity- this analysis will be null and void and all signs will point to shorts.
JSE:MCGLong
by Timonrosso
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.
JSE:MCGLong
by Timonrosso