Is Karooooo Ltd. (NASDAQ:KARO) the Hidden Gem in Tech Investments for 2024? Unveiling Its Explosive Potential! Introduction: Karooooo Ltd. (NASDAQ:KARO), a powerhouse in mobility software-as-a-service (SaaS) solutions, has been making waves in the connected vehicle space. With a comprehensive suite of services designed for fleet management, risk management,...
Cartrack, now operating under the name Karoo (KRO) since its international re-listing on 21st April 2021, is a global player in the vehicle recovery, insurance, telematics, and fleet management industry, with operations across twenty-four countries. Boasting an impressive 92% recovery rate, which it claims to be the industry's best, Karoo demonstrates strong and...
Cartrack was folded into a new international listing under the name Karoo (KRO) on 21st April 2021. It operates a vehicle recovery, insurance, telematics, and fleet management company operating in twenty-four countries around the world. It has a 92% recovery rate, which it claims is the best in the industry. It has very rapid organic growth, having grown its...
Cartrack was folded into a new international listing under the name Karoo (KRO) on 21st April 2021. It operates a vehicle recovery, insurance, telematics, and fleet management company operating in twenty-four countries around the world. It has a 92% recovery rate, which it claims is the best in the industry. It has very rapid organic growth, having grown its...
KRO has been trading in a range (400 - 440) since about August last year. It broke out earlier this year (February) but then moved back into the range after failing to follow through. For traders, one could trade this range and for long term players, maybe look for a close above 440 to go long.
KRO posted a SENS this morning announcing 3rd Quarter Unaudited financial results - look decent. On the chart KRO has been in a sideways consolidation pattern since august last year, but is now coiling between its yellow (downtrend) and blue (uptrend) TL's. The play here is to look for a break on the upside (yellow downtrend) initially, and then should it clear...
The stock is showing a bullish flag. It is always safe to wait for a breakout to confirm the pattern before you can take any decision.
The best bull flag formation i have ever seen! Flagpole and all. Cool! Just thought to share