HOSKEN CONSOLIDATED INVESTMENTS (HCI): Re-Emerging Strength - Wednesday, 17 July 2024

HCI is a share I discussed in a research report close to 3 years ago at R74 (October 2021). The share went on to print an all-time high of R243, a gain of 228%. We have since seen the share retrace, consolidate, with a low of R157. At current levels, the share looks to be re-emerging from a base for a potential new leg higher. Clearing resistance targets 22000c. A stop-loss of 16200c can be applied. Last price 18192c.

The original slide (Monday, 05 October 2021) is shown below.

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Lester Davids

Analyst: Unum Capital