Cashbuild, recognized as the leading retailer of building materials and related hardware in Southern Africa, focuses on the home improvements market. Given the economic downturn in Southern Africa, the company's strategy for growth has largely been centered around the expansion of its store network. This approach indicates Cashbuild's preparation for enduring the...
Cashbuild is in pursuit of a weekly and yearly low price, here we see price finding support at the 0.382 line of the Pitchfork bouncing off it. In the process it has created hidden divergence on the TSI & RSI indicators. We can open a long position when price closes above the 10 week moving average, more risk accepting investors can go long on weekly swing low....
See link below for previous analysis
On Tuesday, Cashbuild released a Trading statement ahead of the interim results for the 26 weeks ended 24 December 2023.
Headline earnings per share (HEPS) are expected to decrease between 15% and 25%.
The DIY sector in SA continues to struggle and there is little to signal a change in the fundamental outlook.
Technically,...
Cashbuild, the premier retailer in Southern Africa for building materials and related hardware, focuses on the home improvement market. Amid the current economic downturn in Southern Africa, Cashbuild's growth strategy primarily revolves around the expansion of its store network. This approach is a clear indicator of the company's intent to not only survive the...
Cashbuild (CSB) is the largest retailer in Southern Africa of building materials and related hardware, concentrating on the home improvements market. In the currently depressed economies of Southern Africa, most of the company's growth comes from opening new stores. Clearly, this is a share which is positioning itself for survival and to benefit from any general...
See link below for previous analysis
Little has changed from a fundamental perspective and the share price has continued to trend lower.
Price is now trending in a falling wedge pattern which can be viewed as bullish once price breaks out of the wedge, ideally on high volume.
What is key for the five wave advance from 7000 to 34599 to remain valid is for price...
Cashbuild (CSB) is the largest retailer in Southern Africa of building materials and related hardware, concentrating on the home improvements market. In the currently depressed economies of Southern Africa, most of the company's growth comes from opening new stores. Clearly, this is a share which is positioning itself for survival and to benefit from any general...
Both the stochastic and the Macd has crossed over to the top. The ma 20 has crossed over the ma 50. First target will be the ma 200. Not a great risk to reward, but possibly something to be made.
Right now it's anyone's guess.
The market has been so illiquid with low volatility, that the only signs are pointing are down.
Box Formation (but not a strong one as three supports and resistances have not touched).
However, there is a range bounded movement with lower highs and very little confirmation of upside.
It needs to break out of the downtrend before...
Since the last analysis on the 15th of February 2023, Cashbuild released an awful set of interim results on the 1st of March.
Revenue (4%)
Gross profit (9%)
Operating profit (47%)
Headline earnings (39%)
The market did not react aggressively to these disappointing numbers but the share has continued to trend lower.
There was not much of an outlook besides...
Cashbuild is still trading far from its all time highs of 2018.
The post-covid-19 crash rally from 7000 to 34599 unfolded in five waves and the correction has been prolonged but contained within a descending channel.
Technically, this calls for further upside and price is currently hovering above the golden ratio 61,8% retracement level.
The fundamental picture...
A nice little breakout after some solid results, The next dip can be bought for a continuation to test the previous high. High conviction buy at 290.00. even 300.00 if you can handle a potential short term dip. This one is going to fly!
