Richemont gave a negative break in December 2021 at ZAR229.60, which was an all-time high and the top of the Long-Term Bull Channel at ZAR247.00.
CFR sold off sharply from its all-time high to touch a most recent low of ZAR148.30.
CFR bounced off this level and has breached out of its Short-Term Bear Channel at ZAR176.00 and looks set to test the ZAR200.00 level in the Short-Term.
The MACD is showing signs of turning positive.
The Momentum indicator is positive.
This report provides a technical analysis of Richemont (CFR).
