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Long

Flash note: PSG Group

JSE:PSG   PSG GROUP LTD
Flash note on PSG from our Unum Trading Desk analyst, Lester Davids.

"Around current levels, PSG is showing a technical willingness to break above the resistance level of R235, which is just below the 200-day moving average. The price has started to make higher lows and is trading above the 21 and 50-day moving average, both of which are pointing higher. With the 200dma at resistance, it is possible for the price to re-test the upward trend line before regaining the 200dma."

For more information contact the Unum Trading Desk on +27 (0)11 384 292, tradingdesk@unum.co.za or our real-time chat https://t.me/joinchat/EF0s1hGYwYDo93elCL...

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