GT247.com Trading Blog

Compagnie Financiere Richemont SA JSE:CFR - technical trade note

Written by Barry Dumas | 10 Apr 2018

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

 

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.