Cup and Handle has formed on Curro. We need the price to break up above the Brim level to confirm a better level.
7>21>200
RSI>50 Buy divergence
Target R11.86
About the company
Curro Holdings is a South African company that operates private schools and offers education services.
HOW IT GOT ITS NAME
Curro Holdings' name is derived from the Latin word...
Rising Flag formed on Curro.
Previous trend was down, we then had a slight recovery before further downside.
Now that the price has broken below the support, we can expect a retracement.
200>21>7 -Bearish
RSI=50
Target R8.13
ABOUT THE COMPANY
Curro Holdings is a leading independent education provider in South Africa, founded in 1998 by Dr. Chris van der...
Curro has been in a markdown for some time (see previous post below). We now see some buying volume stoping the decline. Following the Wyckoff theory, the selling climax (SC) indicates the start of a trading range (TR). This could be another stepping stone in the markdown or is it the start of an accumulation TR. But for now, we can expect the stock to be...
Curro Holdings have been in a downward trend and declining in steps. There has been an effort to push the price up but without response. We see this through the hidden divergence with the Volume RSI. Price has again reached the bottom of the previous step and has been rejected again indicating the markdown continues.
