Curro Holdings Limited (COH), a premier private education provider in South Africa, has been a key player in the education sector since its inception, focusing on delivering quality education from early childhood development up to matriculation level. The unbundling of its tertiary division, which resulted in the separate listing of Stadio (SDO) on the...
The stock has been on a significant trend up since the consolidation breakout in June 2023.
Since then, the 50-exponential moving average has acted as support and the stock reach a swing high of R12.80
There has been a recent sharp displacement below the moving average with a 20ema/50ema crossover, signaling short term bearishness. Price could pull back to the...
Curro, a leading private education group in South Africa, focuses on establishing and managing schools for children up to matriculation. Following the unbundling of its tertiary division, which became Stadio and was listed separately on the Johannesburg Stock Exchange (JSE) on 3rd October 2017, Curro has capitalized on the declining quality of government education...
Cup and Handle has formed on Curro. We need the price to break up above the Brim level to confirm a better level.
7>21>200
RSI>50 Buy divergence
Target R11.86
About the company
Curro Holdings is a South African company that operates private schools and offers education services.
HOW IT GOT ITS NAME
Curro Holdings' name is derived from the Latin word...
JSE:COH is forming what looks like a cup-and-handle, and the price is at the pivot point. Other than that, key MAs are rising and to me that a positive sign to initiate a long position.
Rising Flag formed on Curro.
Previous trend was down, we then had a slight recovery before further downside.
Now that the price has broken below the support, we can expect a retracement.
200>21>7 -Bearish
RSI=50
Target R8.13
ABOUT THE COMPANY
Curro Holdings is a leading independent education provider in South Africa, founded in 1998 by Dr. Chris van der...
Today there was a significant bar in Curro Holdings with volume. A spring-like action from the yearly pivot point also forms a backup to the breakout of the accumulation trading range. Now we are expecting a quick markup to around R16. This confirms the previous evaluation provided in the post below.
After the covid low, Curro Holdings has had a good recovery. The in the trading range formed after the selling climax (SC) and automatic rally (AR) price has been making last points of supply (LPS). After the breakout of the trading range we can expect a markup to around R16.
Extremely long term trade, lets wait to see if wave 1 and 2 play out as expected and then we should look for long entries with a nice risk-reward ratio
- Curro Holdings has formed a decent support around the R7.40 area
- A daily close above R8.50 will open the door to further gains. I will look for an entry on any weakness with a stop-loss below the support zone.
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
