BRAIT showing strong downside to come to R2.50

Large Bear Box Pattern formed over the last year with Brait.

And unfortunately it gets worse.

The Highs have become lower and lower accompanied by bearish indicators.

200 > 21> 7 - Bearish
RSI <50 Bearish
Target R2.50

WARNING:
The breakout was definitely not a strong one. So, if there are strong prospects and investors want to protect the company, it could very well be a fakeout. Until then it's bearish until the trend turns.

ABOUT BRAIT
BRAIT SE (Est. 1995 in Stellenbosch, South Africa) is an investment holding company listed on the Johannesburg Stock Exchange (JSE) and the Euro MTF market of the Luxembourg Stock Exchange.

BRAIT invests in a diversified range of businesses, including consumer goods, health and wellness, and technology, media, and telecommunications (TMT) sectors.

BRAIT has a global presence, with investments in South Africa, Europe, and the United States.

Here are some companies BRAIT has major investments in

Premier Foods - a leading food manufacturer in South Africa, producing a range of products under popular brands such as Blue Ribbon, Snowflake, and Manhattan.

Virgin Active - a global health and fitness club chain, with over 200 locations in the UK, South Africa, Italy, Spain, Portugal, and Australia.

Iceland Foods - a UK-based frozen food retailer, known for its value and convenience, with over 950 stores across the UK.