Reinet setting itself for great upside to R460

Reverse Cup and Handle has formed on the daily chart.
The price broke above the brim level, and since then has made higher lows.
There are other indicators showing upside to come including.
7>21>200
RSI>50
Target 1 = R460.00

CONCERNS:
The price action is very volatile and jumpy. This is not conducive for trending and breakout trading systems as there can be shakeouts and fakeouts. Albeit it being bullish, the risk should remain small 0.5% to 1% for this kind of trade in my books.

ABOUT THE COMPANY

Reinet is primarily an investment holding company that invests in a diversified portfolio of assets, including listed and unlisted companies, private equity, and real estate. The company's investment strategy is focused on creating long-term value through active management and engagement with portfolio companies.

Reinet Investments SE is a Luxembourg-based investment holding company.

It was founded in 2008 as a spin-off from the South African tobacco company, Richemont.

Reinet is a long-term investor in a diversified portfolio of assets, including listed and unlisted companies, private equity, and real estate.

The company has a market capitalization of over R130 billion (as of April 2023).

Johann Rupert, the founder of Richemont, is the Chairman of Reinet Investments.

The company's portfolio includes significant investments in British American Tobacco (BAT), Pension Corporation, and Miura Holdings.

Reinet Investments owns a 2.4% stake in BAT, making it one of the largest shareholders in the tobacco giant.

Reinet also owns a significant stake in the South African telecommunications company, MTN Group.