The Spur Group is ready to rocket to R23.96Spur Bull Box has formed and the price broke up and out of it.
7>21>200 - MA bullish
RSI>50 - Bullish
Target R23.96
CONCERNS:
This stock is definitely NOT in my trading list. The liquidity is low, the candles volatility are high.
The price jumps all over the place and doesn't show any strong signs it works with breakout patterns.
Also the price patterns can move sideways for a long period of time.
Maybe for an investor it's ok to hold, but with trading it won't work.
ABOUT:
The South African Spur Group (Established in 1967 in Cape Town) is a chain of restaurants and steak houses.
With over 330 restaurants across the country, the restaurant chain is known for its western-style menu, which features a variety of steaks, burgers, Buffalo wings (love them), hot rock ribs, and salads.
It's also expanded into several other African countries, including Namibia, Botswana, Zambia, and Zimbabwe.
