Reverse Cup and Handle formed on Motus. It also formed a bit of a GAP which is not conducive for trading as we can expect the gap to close. 21>7>200 - Bearish RSI<50 Target R105.32
ABOUT Motus Holdings Limited (founded in 1948 as Imperial Holdings Limited and then changed the name to Motus Holdings in 2018) is a diversified automotive group based in South Africa, with operations in South Africa, the United Kingdom, and Australia.
Motus Holdings operates in four primary segments:
Automotive retail and rental, automotive parts and accessories, aftermarket parts, and financial services.
The company is the largest vehicle retailer in South Africa, with a network of over 250 dealerships across the country.
Motus Holdings also operates the largest car rental fleet in South Africa, with over 14,000 vehicles available for hire.
Motus Holdings has a market capitalization of around ZAR 14 billion (as of February 2023).
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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