UPDATE: Adcorp retesting C&H before next leg up

28 lug 2023

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.