Has been in a consistent uptrend since July 2021. Points raised below.
- broke initial resistance level at ~6750 - tested twice the next resistance level at 7200 - on weekly chart, 50day MA about to break above 200day MA
One of the best looking charts on the JSE. I bought in yesterday (20220414) at 7263. Results should be released soon.
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Results released this morning (snippet below from SENS).
Highlights - Strong financial performance driven by increased client activity - Group revenue growth around 8% in the year and improved Group EBITDA margin at around 16.0% (FY21: 14.2%) - Recovery in profitability and strong cash conversion leading to significant reduction in leverage ratio - Expect positive momentum in client activity to drive revenue growth and margins in the coming year
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*Remgro says Mediclinic's board of directors rejects Remgro's takeover offer of 460 pence