Trader-Dan

Richemont - Area of Interest

Long
JSE:CFR   COMPAGNIE FINANCIERE RICHEMONT SA
The stock has rallied well in January and is now entering the next area of interest R2980-R2820

It will be key to see how price action develops which will give clues to whether we break up further or have a pull back towards the up trending 20/50 ema's to recharge.

Note we still have a cup in handle pattern in play with a measured move that targets the R3150 zone (gap fill).

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.