JSE:CFR is bouncing off resistance and has formed a bearish harami which is a top reversal signal. We can expect a downward move.
Richemont is one of the world’s leading luxury goods groups. The Group’s luxury goods interests encompass some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, and Montblanc. The history of growth in group sales was driven by a number of factors including geographic spread,...
JSE:CFR Weekly chart with rising wedge in place. Wait for break lower.
Will look to allocate off the shaded area, in the coming days - Some interesting trend-lines in play here - I find this article curious, which states that JSE:NPN and JSE:CFR have made up large chunks of the gains, in J203 recently. - Interesting price action in JSE:NPN at the time of the articles publication, 700 could be dragging this with it. I find it...