Richemont hit our first profit target at R205.65

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COMPAGNIE FINANCIERE RICHEMONT SA (JSE:CFR)

JSE:CFR COMPAGNIE FINANCIERE RICHEMONT SA

beyondta fundamental trendanalysis richemont cfr jsecfr jse jse_top40 southafrica

Profit target 1 Reached for Richemont at R205.65
There is still a strong Bullish bias, but we'll have to wait for the next pattern to form.
The JSE Santa Claus Rally is premature but we are loving every second of it.
Let's hope it continues after a trying couple of months.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)