Couple of things with Multi-choice. It moved on low liquidity to the downside before making a break-away gap and back into the uptrend. Now with gaps they close over 70% of the time and so, we're getting that retest back to close the gap, retest the uptrend and possibly heading up from there. We got the Cup and Handle, which broke up and make a fakeout. But...
Based on the white trendline, MCG could breakout to make a new recent high.
Multichoice has been strong. After a reaccumulation range and spring, we can expect the mark-up to continue.
Expecting this share to trade lower. Ugly candle yesterday!
The company announced a partnership with Netflix and Amazon Video. Seems like another HBO content deal. They also announced the introduction of a 'new' platform. The support service is terrible and the various streaming platforms seem broken at best. Recently the company has experienced continued declines in the number of DStv Premium and Compact Plus...
This is good position for trade. You need be ready for monady.