W Formation formed on Afrocentric. The price broke above the neckline showing there's more demand.
Before that there was a big GAP. This gap is known as a breakway away.
It broke out of the down/sideways trend and into an uptrend.
Hence there is a bullish tone and more buying along the way.
7>21>200
RSI>50
Bullish
Target R5.93
ABOUT
AfroCentric Investment Corporation Limited (Founded in 2008) is a South African healthcare company listed on the Johannesburg Stock Exchange.
Their goal is to provide affordable, accessible healthcare to all South Africans.
They operate through three main subsidiaries: Medscheme, Pharmacy Direct, and AfroCentric Health.
Medscheme is one of South Africa's leading medical scheme administrators, managing over 3.5 million lives across multiple medical schemes.
Pharmacy Direct is a retail pharmacy network that operates in several provinces across South Africa, offering a range of healthcare products and services.
AfroCentric Health provides a range of healthcare services, including primary healthcare, occupational health, and wellness programs, to individuals and corporations.
Before that there was a big GAP. This gap is known as a breakway away.
It broke out of the down/sideways trend and into an uptrend.
Hence there is a bullish tone and more buying along the way.
7>21>200
RSI>50
Bullish
Target R5.93
ABOUT
AfroCentric Investment Corporation Limited (Founded in 2008) is a South African healthcare company listed on the Johannesburg Stock Exchange.
Their goal is to provide affordable, accessible healthcare to all South Africans.
They operate through three main subsidiaries: Medscheme, Pharmacy Direct, and AfroCentric Health.
Medscheme is one of South Africa's leading medical scheme administrators, managing over 3.5 million lives across multiple medical schemes.
Pharmacy Direct is a retail pharmacy network that operates in several provinces across South Africa, offering a range of healthcare products and services.
AfroCentric Health provides a range of healthcare services, including primary healthcare, occupational health, and wellness programs, to individuals and corporations.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.