Ninety One Looking good to R50.82 and about the companyCup and Handle formed which is what we were waiting for.
The breakout was quite vigorous and didn't give us the buy signal until Friday where the price opened above the breakout.
Now that the price came down a bit gives a great buy signal A conservative trader will continue to wait for the price to retest a bit further.
But an opportunist, will buy ASAP.
7>21>200 - Bullish
RSI>50
Target R50.82
ABOUT THE COMPANY
Ninety One (formerly Investec Asset Management) was founded in South Africa in 1991 by Ian Kantor and Bernard Kantor.
The company manages over $140 billion in assets for clients worldwide, including institutions, financial advisors, and individual investors.
Ninety One has offices in Africa, Asia, Europe, and the Americas, and employs over 1,800 people globally.
In March 2020, Ninety One became a publicly traded company, with a listing on the London Stock Exchange.
