Herenya

MCG - new deal, new highs?

Long
Herenya Broker Updated   
VELOCITY:XJSE_MCG_CFD   Multichoice Grp Ltd
So MCG turned down Canal +, only to announce a content deal with Paramount Plus. This is certainly good news for MCG streaming subscribers. Here's looking good for new highs once this level is broken. We bought the break at R107, which may have been a bit early, but we think it should be ok in the end. Target is R123 with a stop at R100.
Comment:
This is a good time to add to this trade if you want. Or, if you missed the entry, now is a good time to get onboard.


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