Price Action Positive - Second Wave, Up? | We continue to monitor the share price as it builds a short term technical bull flag pattern that would be triggered above a price of 2125c. Supporting the continued positive technical outlook is the price consolidation on it's 200-day moving average. At a fundamental level, the group's last set of results revealed that Revenue for the 6 months was higher by 8.1% while Headline Earnings Per Share for the same period improved by 16.2% for. Same stores sales at +1.5% for the period while wholesale revenue grew by 14.9% to R9.3bn. As mentioned, clearing 2125c or the downward trend line channel would trigger a buy with a stop-loss of 2005c and targets of 2255c and 2390c.
