VillageTraderZA

Long opportunity Multichoice

Long
JSE:MCG   MULTICHOICE GROUP LTD
MCG

Multichoice is particularly interesting, because the share hasn’t been trading in the market for a long enough. After being spun out of Naspers. The share found an area of value in the R90-R80 previously after trending down. Before bouncing off to the R110 levels. Since its retesting this level for the first time. I’m looking for a breakout of the rectangle. Targeting the R109-R110 levels.

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.