Timonrosso

Slow death for Adcorp continues since 2007 - New target!

Kort
JSE:ADR   ADCORP HOLDINGS LIMITED
To think Adcorp Holdings went from R43 in 2007 down to R3.61 in 2023....

It's just been one long hard road down from there.

In case you don't know, Adcorp Holdings is a South African-based workforce management and business process outsourcing company.

And due to the bad managenent, poor financials, slow growth and major financial troubles after the Financial Crash along with COvid- it's not been easy.

When we look at this chart, it's showing a slow death with a Bear rectangle now in the making.

Break down and we will see R1.50.

Nothing much we can do as no broker will allow a scrip to short the company. And investors can do nothing but wait and wait for any positive news.

From a Blue Chip to a Penny Stock is also never a good sign for a company.

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

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

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.