LD_Perspectives

Quilter Plc - Skyscraper View

JSE:QLT   QUILTER PLC
Continued Portfolio Idea: A buy/long recommendation from 08-October at 2880c, Quilter Plc advanced by 17% over the period, reaching a high of 3390c during last week. While the medium term trend has been higher, a review of the monthly chart reveals an equally positive technical structure with the price trading 6.66% from it's 52-week highs. One would think that the share has advanced greatly over the 12-month period however the price range range-bound during the period, and, while the share trades close to it's 52-week highs, both the monthly and weekly RSI momentum indicators are ranked as strong but not overbought, with readings of 57 and 55 respectively. We also note the price trading above it's monthly pivot while a close above 3425c opens up 3700c and 4300c as medium and long term targets. Temporary failure below 3040c.
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