The Afrimat Bull Run:
Afrimat limited
Chart Analysis
1.Price Formation: The price has broken out from an inverted C&H price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
3.200-day Moving Average is below the Price.
4.Thus, Mas 7>21>200
5.Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6.Price Target: R72
Afrimat Limited is a leading black empowered open pit mining company in South Africa. They provide industrial minerals, commodities, and construction materials. The company operates through various segments, including Aggregates and Industrial Minerals, Concrete Based Products, and Commodities. Afrimat has established a strong foothold in the mining industry, known for its diversified range of products and operational efficiency. Their focus on sustainable and responsible mining practices has contributed to their reputation as a reliable and innovative provider in the mining and materials sector.
Afrimat limited
Chart Analysis
1.Price Formation: The price has broken out from an inverted C&H price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
3.200-day Moving Average is below the Price.
4.Thus, Mas 7>21>200
5.Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6.Price Target: R72
Afrimat Limited is a leading black empowered open pit mining company in South Africa. They provide industrial minerals, commodities, and construction materials. The company operates through various segments, including Aggregates and Industrial Minerals, Concrete Based Products, and Commodities. Afrimat has established a strong foothold in the mining industry, known for its diversified range of products and operational efficiency. Their focus on sustainable and responsible mining practices has contributed to their reputation as a reliable and innovative provider in the mining and materials sector.