Ascending Triangle is forming nicely on Remgro. We see the 7 and 21 MA above 200. But more importantly, Price >200 - Bullish RSI>50 - Bullish Target R165.55
ABOUT THE COMPANY
Remgro was founded in 1990 (Stellenbosch, South Africa) by Johann Rupert, a South African entrepreneur and businessman.
The company was established as an investment holding company with a focus on building a diversified portfolio of long-term investments.
Today, Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company's portfolio includes holdings in some of South Africa's largest and most well-known companies, such as MediClinic, FirstRand, and RMB Holdings.
The company's name is an abbreviation of "REsource Management GRoup."
Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company has a market capitalization of over R100 billion as of February 2023.