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Compagnie Financiere Richemont SA JSE:CFR - technical trade note

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Barry Dumas
Screen Shot 2018-04-10 at 09.16.24

Trade idea on Compagnie Financiere Richemont SA (CFR)

The price action in Compagnie Financiere Richemont SA (CFR) has been testing the 10939c level and has broken through yesterday and looks good for a buy at current levels supported by the the Rand (ZAR) weakening against the Dollar (USD). Also supporting the buy is that the price has moved above the 50-day simple moving average.

Trade: Compagnie Financiere Richemont SA

  • Entry (Buy): 11067c
  • Stop loss: 10573c
  • Target price 1: 11598c

ALSO READ OUR "MOVING AVERAGES" TO BRUSH UP ON YOUR TECHNICALS

 

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