Trader-Nazeer

Richemont - Area of Interest

Long
JSE:CFR   COMPAGNIE FINANCIERE RICHEMONT SA
The stock has rallied well in January and is now entering the next area of interest R2980-R2820

It will be key to see how price action develops which will give clues to whether we break up further or have a pull back towards the up trending 20/50 ema's to recharge.

Note we still have a cup in handle pattern in play with a measured move that targets the R3150 zone (gap fill).

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.

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