How does OUTsurance have Data from 2013?“How is it possible for Outsurance to have data on my charting platform, as far back as 2013 while it was just listed on the JSE.”
A. The data that you see from 2013, came from the parent company Rand Merchant Investment Holdings (RMI).
They then changed the name to OUTsurance Group Holdings Limited (OUT).
And they have been in the process of transitioning and rebranding from RMI to
OUT following the unbundling of its investments in Discovery1.
And now, the Centurion-based insurer has officially swapped places with its parent company, Rand Merchant Investment Holdings (RMI), which is no longer listed on the exchange.
Outsurance
TARGET REACHED: Outsurance to R39.10 - Watch outMy first target reached at R39.10.
A Cup and Handle formation revealed and broke out on 10 July 2023. It's been a bit of a hold, but the price continued to make higher lows and higher highs.
This is the best case scenario for a long buying trade. The thing is, what's next?
We could get a bit of a retracement here in a consolidation manner. This is where retail traders sell off their profits and other traders start prepping for the next upside.
Once the pattern forms, breaks out - I'll let you know.
Outsurance OUTperfoming JSE - Target R38.88Cup and Handle has formed on this volatile stock.
The price has broken above the brim level and it looks like, it wants to rally.
Other indicators confirm upside momentum
7>21>200
RSI>50 - Higher lows
Target 1 will be at R38.88. We can expect higher, but I'm happy with a 1:1.78 R:R.
CONCERNS:
The JSE ALSI 40 just broke below the Symmetrical Triangle. This is bearish for the top 40 companies. And usually the BITs follow (Banks, Insurance and Telecomms). However, the must be a reason for the buying with Outsurance, maybe because of the new listing and investors are excited.
ABOUT THE COMPANY
Outsurance is a leading insurance company based in South Africa.
Founding:
Outsurance was founded in 1998 as a part of the Rand Merchant Investment Holdings Group (RMIH).
Pioneer:
It was the first South African insurer to offer a cash OUTbonus, a cashback bonus system, to policyholders who remain claim-free for a period of time.
Services:
The company offers various insurance products including car, home, life, and business insurance.
Geographical Presence:
In addition to its South African operations, Outsurance also has a presence in Australia, where it operates under the name "Youi."
Innovative App:
Outsurance has a mobile app that allows customers to manage their policies, submit claims, and track emergency assistance when needed.
