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Innocentmaponde

Richemont-Range bound

COMPAGNIE FINANCIERE RICHEMONT SA (JSE:CFR)  
Innocentmaponde  
JSE:CFR   COMPAGNIE FINANCIERE RICHEMONT SA
Trend Analysis
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trendanalysis
JSE Richemont has been range bound between R88/R89 and R93/94 for the past 6 weeks. To the upside , a beak above the R93/94 resistance could open up to the R100 area; but on its way is has to break the 50dma which is around R95.50.

But a break below R88 could take us further down.
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