Famous Brands poised for upside - C&H

Cup and Handle has formed on Famous Brands since the breakout of the downside.

We see the liquidity is thin as the volatility(jumpy) motion is high...

This is why I would make a large gap between E and Sl...

Other signs confirm upside including:
Price>200
RSI>50
Target R77.62 however. I do want to see more of a definitive break above the Brim level before all systems go.

ABOUT THE COMPANY:

Formation:
Famous Brands was founded in 1969 in South Africa. It started as a single restaurant called Steers, known for its flame-grilled burgers.

Name Origin:
The name "Famous Brands" reflects the company's growth strategy and ambition to become a renowned and recognized player in the restaurant and fast-food industry.

Steers:
Steers is one of the flagship brands under Famous Brands. It was founded by George Halamandres and opened its first store in 1960 in Joubert Park, Johannesburg. Famous Brands acquired Steers in 1984.

Wimpy:
Wimpy is another well-known brand under Famous Brands. It was originally founded in Chicago in the United States but became popular in South Africa. Famous Brands acquired Wimpy South Africa in 1987.

Mugg & Bean:
Mugg & Bean is a coffee shop and restaurant chain under Famous Brands. It was established in 1996 and offers a variety of coffee, baked goods, and meals in a relaxed setting.

Expansion:
Famous Brands has expanded its brand portfolio through acquisitions over the years, including the purchase of brands like Milky Lane, Debonairs Pizza, Fishaways, and House of Coffees.

Global Presence:
Famous Brands has a presence in several African countries and has also expanded into international markets, including the United Kingdom and the Middle East.

Franchise Model:
Many of Famous Brands' brands operate on a franchise model, allowing local entrepreneurs to own and operate their own restaurants under the company's established brand names.