Sun setting down for Sun Int - Inv C&H

Inverse Cup and Handle has formed for this stock since 17 March 2023.
The price breakdown took place on 23 June 2023.
Momentum is showing downside to come with the next support to R28.00
Price<200 21>7
RSI <50 lower highs
Target R27.38

ABOUT THE COMPANY

Sun International is a South African-based company primarily involved in the gaming and hospitality industry.

Sun International was established in 1969. The company started as a small hotel chain but grew to become one of South Africa's leading hotel and entertainment groups.

The company operates more than 25 hotels, resorts, and casinos in eight countries including South Africa, Nigeria, and Chile.

Sun International is known for its Sun City Resort, one of the most famous in South Africa. It's a luxury resort and casino, situated in the North West Province and surrounded by

Sun City Resort was once considered the Las Vegas of South Africa due to its high-profile entertainment events, casinos, and luxury accommodations.

The company's Boardwalk Casino in Port Elizabeth was the first licensed casino in South Africa's Eastern Cape province.

Sun International has hosted various high-profile international events.