C&H formed from Feb 2023 to June 2023. We then had a breakout. The price continued up and then the buying slowed down. Now we are getting a dip where the price will be testing the Brim level of the C&H.
Moving Averages are conflicted where 21>7 - Bearish but price is above 200MA - Bullish. This states the uptrend is still intact. RSI<50 which is showing slowing down of upward momentum. Target still remains around R8.74
ABOUT THE COMPANY: Adcorp Holdings Limited is a South African company providing a wide range of human capital management services.
Founding: Adcorp was founded in 1975 and has grown significantly since then, becoming one of South Africa's leading employment services companies.
Public listing: Adcorp was listed on the Johannesburg Stock Exchange (JSE) in 1987, making it publicly traded.
Global footprint: While Adcorp is headquartered in Johannesburg, South Africa, the company also has operations in various other countries, including Australia, India, and several African countries.
Diverse services: Adcorp's services cover a broad range of human resource management needs, including temporary and permanent recruitment, skills development, training, business process outsourcing (BPO), talent management, and payroll services.
Innovation: Adcorp has shown commitment to innovation, investing in technology. This includes using data analytics and artificial intelligence in talent acquisition and management.