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Aveng

Aveng W Formation nearly time for a Breakout at R11.25We see a W Formation, with the price moving and completing the right Double Bottom. Once we get a breakout to the upside, we could see major upside to R11.25. Right now and it's a wait and see but the fundamentals look good. UPDATE: On February 16, 2024, the company announced an expected 45% increase in revenue for the six months ending December 31, 2023. This good news reflects the strong performance of Aveng and its significant progress through its divisions, McConnell Dowell and Moolmans. Following this announcement, Aveng's stock price jumped by nearly 15%, showing that investors are really optimistic about the company's future.
JSE:AEGLong
by Timonrosso
AVENG Cup and Handle and up it goes to R11.28Cup and Handle has formed on Aveng after a long term downtrend. The price has broken above the brim level and so momentum is leering up. Price = 200MA RSI>50 Target R11.28 ABOUT THE COMPANY Aveng Group is a diversified infrastructure and engineering company based in South Africa. Diversified Operations: ' Aveng Group is involved in various sectors, including construction, engineering, mining, manufacturing, and steel. Establishment: The company has a long history, dating back to its establishment in 1944. International Presence: While based in South Africa, Aveng has expanded its operations internationally, with projects and subsidiaries in other African countries and beyond. Construction Expertise: Aveng is known for its expertise in construction and infrastructure development, undertaking projects such as roads, bridges, and buildings.
JSE:AEGLong
by Timonrosso