Stadio, the higher education group which was unbundled Curro, last reported results on 26/08 for the period ended 30 June 2020, where it announced a +15% increase in Revenue to R468m, Core Headline Earnings of R56.8m, an increase of 22%, Core Headline Earnings Per Share of 6.9 cents per share, an increase of 21% whilst EBITDA was lower by 55% to 45.9. The group also stated that student numbers were higher by 10% to 31053. Technically, the price action and technical structure for the higher education group points to potential for a long term bullish reversal follow a sustained downward trend on a multi-year basis. In November 2017 we saw the share price peak at 919c which was followed by a long term selling pressure starting to build in the subsequent months. With the share having more than double off the late-March 2020 lows (however continuing to trade at early March levels), the technical indicators point to strength: (1) MACD crossing above zero for the first time since listing, (2) 14-period RSI at the highest level since listing. In addition, we also note the price closing above the 50-week exponential moving average for the first time since listing.