MOTUS Reverse Cup and Handle target to R105.32

23 feb 2023

Reverse Cup and Handle formed on Motus.
It also formed a bit of a GAP which is not conducive for trading as we can expect the gap to close.
21>7>200 - Bearish
RSI<50
Target R105.32

ABOUT
Motus Holdings Limited (founded in 1948 as Imperial Holdings Limited and then changed the name to Motus Holdings in 2018) is a diversified automotive group based in South Africa, with operations in South Africa, the United Kingdom, and Australia.

Motus Holdings operates in four primary segments:

Automotive retail and
rental,
automotive parts and
accessories,
aftermarket parts, and
financial services.

The company is the largest vehicle retailer in South Africa, with a network of over 250 dealerships across the country.

Motus Holdings also operates the largest car rental fleet in South Africa, with over 14,000 vehicles available for hire.

Motus Holdings has a market capitalization of around ZAR 14 billion (as of February 2023).