Afrimat retesting Cup and Handle - Target R68.55

23 janv. 2023

7>21 SMA - Bullish
Price >200SMA - Bullish - Green background
Cup and Handle has formed and the price has recently retested the Brim Level.
RSI >50 (Green background) - and is showing higher lows - Bullish
First target is R68.55
This also is showing upside as the local resource market continues to move up in 2023.

General Info
Afrimat is an acronym for "African Material Supplies", which is where the company got its name from. The name is reflective of the company's focus on providing industrial minerals and construction materials to customers throughout Africa.
It specialises in mining and supply of industrial minerals, including construction materials such as aggregate, sand, and granite. It operates in certain places in South Africa like Western and Eastern Cape, KwaZulu-Natal, and the Free State.