Cup and Handle has formed on Aveng after a long term downtrend.
The price has broken above the brim level and so momentum is leering up.
Price = 200MA
RSI>50
Target R11.28
ABOUT THE COMPANY
Aveng Group is a diversified infrastructure and engineering company based in South Africa.
Diversified Operations: ' Aveng Group is involved in various sectors, including construction, engineering, mining, manufacturing, and steel.
Establishment: The company has a long history, dating back to its establishment in 1944.
International Presence: While based in South Africa, Aveng has expanded its operations internationally, with projects and subsidiaries in other African countries and beyond.
Construction Expertise: Aveng is known for its expertise in construction and infrastructure development, undertaking projects such as roads, bridges, and buildings.