Bekiumuzi_Dube

CLICKS JSE FORECAST Q3 2023

Long
Bekiumuzi_Dube Updated   
JSE:CLS   CLICKS GROUP LTD
Clicks Group Limited reported earnings results for the half year ended February 28, 2023. For the half year, the company reported sales was ZAR 20,005.79 million compared to ZAR 19,557.6 million a year ago. Net income was ZAR 1,151.76 million compared to ZAR 1,205.68 million a year ago. Basic earnings per share from continuing operations was ZAR 4.721 compared to ZAR 4.928 a year ago. Diluted earnings per share from continuing operations was ZAR 4.721 compared to ZAR 4.928 a year ago.

Maintaining a constant equity
with a 56% debt to equity ratio

im expecting a reversal of price at on of the two levels
if price breaks 25629 and a setup presents itself
im going lower and taking the short 13%
then i will go long at the next level

Here we take a closer look at the daily where a text book bullish continuation is to be expected from the creation of higher highs and lower lows and the fact that price is retesting our level after breaking it

as for a short(-13%)
a break and retest for the down side will serve as indication to short adding on to our equity for the second bullish attempt at the next level

Comment:
cls going for 22329
Comment:
LIQ GAMES FORMED A DOUBLE BOTTOM cls reached past highest retracing might go deeper though

any stock exchange im ready nothing i cant forecast

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