Remgro broken out of the box and next up R191.31

Box formation has been in the process in the last few months...

In this case, it looks like it'll be a continuation pattern. The prior trend was up, we have a consolidation process now and soon we should get a breakout.

I'm guessing up.

MAs - 7>21>200
RSI>50
Target R191.31

ABOUT THE COMPANY

Remgro Limited is an investment holding company based in South Africa.

Establishment:
Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer.

Name Origin:
The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s.

Investment Focus:
The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors.

Headquarters:
Remgro's headquarters are located in Stellenbosch, South Africa.

Major Investments:
Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell.

Mediclinic Corporation:
In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group.

Sports Investment:
Remgro owns a controlling interest in the Stellenbosch Rugby Academy.

Market Cap:
Remgro had a market capitalization of around 75 billion ZAR.