W Formation on Multi-Choice looking good to R147.60

W Formation from the last update with Multi Choice is looking good and on track.

It broke above the neckline, and it's been swimming on up on a good inclination (45 degrees).

Indicators are also looking positive.

7>21>200 Bullish
RSI >50 >70 - Bullish
Target R147.60

ABOUT THE COMPANY

MultiChoice was founded in 1995 as a subsidiary of the South African media group Naspers.

The company operates DStv, a digital satellite television service that offers a wide range of entertainment channels and packages.

MultiChoice has a presence in over 50 countries in Africa, including Nigeria, Kenya, Ghana, and Tanzania.

The company has over 19 million subscribers across the continent, making it the largest pay-TV provider in Africa.

MultiChoice's services include DStv, GOtv, and Showmax, a streaming service that offers a range of local and international content.

MultiChoice has a market capitalization of over R64 billion as of February 2023.