LD_Perspectives

Advtech - Education Sector Stocks

Long
JSE:ADH   ADVTECH LTD
Equities Local | Education Sector Stocks - After a few years of decline, my analysis is flagging early technical strength. Advtech Holdings ADH | From being bearish on the name since my first note in August 2017 and at a PE of 22, the share is starting to show signs of stabilization and relatively positive price action. From April 2019 to present, the 1000c level has been support. A review of the weekly chart's Relative Strength Index sees a bullish divergence while the monthly chart shows the same. The daily chart's RSI is at the 50 level with an upside bias.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.