SUMMARY | Position: LONG | Upside target: 24.50 | Reward / risk ratio: – | Recommended stop-loss: R20.50 | RECOMMENDATION: BUY
Momentum Metropolitan Holdings is a South African-based financial services group. Its core business is focused on long and short-term insurance, asset management, savings, investment, healthcare administration, and employee benefits.
These product and service solutions are provided through two well-known operating brands, namely Metropolitan and Momentum.
The stock is in a markup phase—supportive of a bullish trend. The price begins to move higher after a period of accumulation as investors who have identified the share’s potential during the accumulation phase begin buying in larger volumes.
According to the RSI (Relative Strength Index), the stock will …