TRADE UPDATE: BRAIT Plc great company but still coming down

Large Bear Box Pattern formed and the price broke below.
The signs were showing downside to come.
But it's been a slow trade.
200 > 21> 7 - Bearish
RSI <50 Bearish
Target remains at R2.50

ABOUT THE COMPANY

Brait SE was founded in 1991 and is headquartered in Johannesburg, South Africa.

The company has a diversified portfolio of investments in various sectors, including healthcare, food, retail, and financial services.

The company has investments in several well-known brands, including Premier Foods, Virgin Active, and New Look.

The company has a market capitalization of approximately R4.4 billion as of April 2023.

Brait's largest shareholder is Christo Wiese, a South African billionaire businessman.

Brait's current CEO is John Gnodde, who has been with the company since 2014.

In 2015, Brait acquired a 90% stake in Virgin Active, one of the largest health and fitness club operators in the world.