In December we saw the price breaking below the R32 support area.
Now the price seem to be making an attempt to test the breakout level, but a bear flag is forming in the process.
I'm monitoring the R30.50/R31 area for a 'Short'.
JSE Richemont has been range bound between R88/R89 and R93/94 for the past 6 weeks. To the upside , a beak above the R93/94 resistance could open up to the R100 area; but on its way is has to break the 50dma which is around R95.50.
But a break below R88 could take us further down.