Combined Motor Holdings (CMH) runs car dealerships in Nissan, Volvo, Toyota, Opel, Subaru, Lexus, Mazda, Isuzu and Ford - selling both new and used vehicles. The motor industry is especially affected by the state of the economy because consumers can usually keep their vehicles on the road for longer in recessionary times. The company is planning to cut its car...
CMH still trading in a range a break to the upside still on the cards
Terrible liquidity of a stock. The bias is bullish with higher lows and a Cup and Handle in the process... We still need to price to break above the brim level, before we confirm the upside. RSI is below 50 - which is not great but considering the high volatile low liquid nature of the stock, we can only expect it to move like this. I remain optimistic and...
combined motors is re testing the break of the range a strong move to the upside still possible
- Taking a spec long on this share for a recovery play (covid lockdown) - The motor industry is resilient in SA - Stop loss below the recent swing low -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:CMH