Double Top on Richemont

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COMPAGNIE FINANCIERE RICHEMONT SA (JSE:CFR)

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JSE:CFR COMPAGNIE FINANCIERE RICHEMONT SA

doubletoporbottom jse alsi zar southafrica richemont

A double top pattern has formed on

CFR and it looks like it might be continuing downward. If it breaks through the low formed on 20 December 2021, the pattern will be confirmed and I think we could see a move downwards towards the 19000 support level. If it fails to break through the level, we could also see a bounce upwards.

Pesanan dibatalkan:

With the strong results posted today, I believe we will more likely see a break of the highs and a move to the upside.

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