Afrocentric (ACT) is a black-owned investment holding company which focuses on health administration and insurance. Sanlam recently acquired 28,7% of the company which will help with its financing and marketing. The group owns 100% of Pharmacy Direct (a courier company), 100% of Curasana (a pharmaceutical wholesaler) and has recently acquired the other 74% of...
Afrocentric (ACT) is a black-owned investment holding company which focuses on health administration and insurance. Sanlam recently acquired 28,7% of the company which will help with its financing and marketing. The group owns 100% of Pharmacy Direct (a courier company), 100% of Curasana (a pharmaceutical wholesaler) and has recently acquired the other 74% of...
W Formation on AfroCentric was strong. Broke above the neckline but the overall volatility was very jumpy. Hence, the stop loss would be right below the entire formation to make for the chop. 7>21>200 RSI>50 Bullish Target remains at R5.93
W Formation formed on Afrocentric. The price broke above the neckline showing there's more demand. Before that there was a big GAP. This gap is known as a breakway away. It broke out of the down/sideways trend and into an uptrend. Hence there is a bullish tone and more buying along the way. 7>21>200 RSI>50 Bullish Target R5.93 ABOUT AfroCentric...
NICE UPTREND AS ILLUSTRATED I WOULD LIKE IT TESTS THE R5,13 MARK AND TRENDLINE . Then we wait for bullish engluifling candle.