Afrocentric breakaway and up and away to R5.93
W Formation formed on Afrocentric. The price broke above the neckline showing there's more demand.
Before that there was a big GAP. This gap is known as a breakway away.
It broke out of the down/sideways trend and into an uptrend.
Hence there is a bullish tone and more buying along the way.
7>21>200
RSI>50
Bullish
Target R5.93
ABOUT
AfroCentric Investment Corporation Limited (Founded in 2008) is a South African healthcare company listed on the Johannesburg Stock Exchange.
Their goal is to provide affordable, accessible healthcare to all South Africans.
They operate through three main subsidiaries: Medscheme, Pharmacy Direct, and AfroCentric Health.
Medscheme is one of South Africa's leading medical scheme administrators, managing over 3.5 million lives across multiple medical schemes.
Pharmacy Direct is a retail pharmacy network that operates in several provinces across South Africa, offering a range of healthcare products and services.
AfroCentric Health provides a range of healthcare services, including primary healthcare, occupational health, and wellness programs, to individuals and corporations.
Before that there was a big GAP. This gap is known as a breakway away.
It broke out of the down/sideways trend and into an uptrend.
Hence there is a bullish tone and more buying along the way.
7>21>200
RSI>50
Bullish
Target R5.93
ABOUT
AfroCentric Investment Corporation Limited (Founded in 2008) is a South African healthcare company listed on the Johannesburg Stock Exchange.
Their goal is to provide affordable, accessible healthcare to all South Africans.
They operate through three main subsidiaries: Medscheme, Pharmacy Direct, and AfroCentric Health.
Medscheme is one of South Africa's leading medical scheme administrators, managing over 3.5 million lives across multiple medical schemes.
Pharmacy Direct is a retail pharmacy network that operates in several provinces across South Africa, offering a range of healthcare products and services.
AfroCentric Health provides a range of healthcare services, including primary healthcare, occupational health, and wellness programs, to individuals and corporations.
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Trade Well,
Timon Rossolimos
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(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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