Our opinion on the current state of GRINDROD(GND)Grindrod (GND) is an international freight and financial services company operating in twenty-eight countries. The significant change in the company's structure came in mid-June 2018, when it unbundled and separately listed its shipping division, Grinship (GSH), leading to a notable drop in its shar
0.80USD
57.53 MUSD
262.43 MUSD
About GRINDROD LTD
Sector
Industry
CEO
Xolani Mbambo
Website
Headquarters
Durban
Employees (FY)
4.16 K
Founded
1910
FIGI
BBG000Q52WX0
Grindrod Ltd. engages in the provision of freight solutions. It operates through the following segments: Port and Terminals, Logistics, Bank, and Group. The company was founded by John Grindrod in 1910 and is headquartered in Durban, South Africa.
TARGET REACHED Grindrod hit at R12.60 - Next?The W Formation target reached at R12.60.
We then had a skew Cup and Handle, which the price has broken above its brim level today.
It's another High Probability position as the
Price>20
Price>200
Next target will be at R14.40.
WIll update you on anything if it changes.
Our opinion on the current state of GNDGrindrod (GND) is an international freight and financial services company operating in twenty-eight countries. In mid-June 2018, Grindrod unbundled and separately listed its loss-making shipping division, Grinship (GSH), which explains the significant drop in share price at that time. Post-unbundlin
$JSEGND - Grindrod: Ending Diagonal OutlookSee link below for previous analysis.
I am updating wave 5 to an ending diagonal aka rising wedge.
Price can still make new highs but MACD/price divergence is a clear sign that upward momentum is waning.
I am still bullish to neutral as I am forecasting two more waves to complete the ending diagon
$JSEGND - Grindrod Ltd: Great Run But I Count Five Waves UpGrindrod recently came out with a very good set of interim results reporting record export volumes at its Maputo port and growth in excess of 20% in revenue and headline earnings.
A purely fundamental reasoning would suggest one should buy the stock now.
A look at the Elliott Wave structure from th
Grindrod shot a star & hung a man 2 hours before Friday's close.On our analysis of JSE:GND on the 28th of August, we saw how price was in the last phase of a bullish penant on the Weekly Chart. price had left a gap around R10.00~R10.20 levels that has to be closed before confidence can be put into any further upward movement, although the presence of a rising tr
Our opinion on the current state of GNDGrindrod (GND) is an international freight and financial services company which operates in twenty-eight countries. In mid-June 2018, Grindrod unbundled and separately listed its loss-making shipping division (Grinship - GSH). This accounts for the "cliff" in the share price at that time. The compan
Grindrod above neckline of W Formation taking it higherW Formation formed on Grindrod since March 2023.
And the price has finally broken above the neckline.
This gives a decent signal that there is upside to come from the buyers.
Other indicators confirm too:
7>21
Price>200
RSI>50
Target 1 will be with a Risk to Reward of 1:2 at R12.60
ABOUT TH
This may be a chance to be part of Grindrod Ltd's moon trip.JSE:GND has had an unbelievable turnaround in its share price. In june 2014 the share price kissed its tripple top resistance goodbye and the price took a massive beatdown. Price found some support in the R9.56 ~ R10.60 zone, which it then broke and immediate started a falling wedge. The falling wed
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