Datatec showing strong upside after breakout of C&H to R49.21Cup and Handle has formed on Datatec after a couple of months.
Since the price drop, it's been creeping up closing the gap ever so discreetly.
We can even say it's created some type of upward channel.
Either way it's looking bullish and other indicators confirm...
7>21>200
RSI>50
Target R49.21
ABOUT THE COMPANY
Datatec Limited is an international ICT solutions and services group operating in more than 50 countries across North America, Latin America, Europe, Africa, Middle East, and Asia-Pacific
"Datatec" is likely a compound of two words: "data" and "technology" (shortened to "tec")
Founding: Datatec was founded in 1986 by Jens Montanana in Johannesburg, South Africa.
Public Listing: The company was listed on the Johannesburg Stock Exchange (JSE) in 1994. It's also listed on the Alternative Investment Market (AIM) of the London Stock Exchange.
Global Reach: Datatec operates globally through three main divisions: Westcon International, Logicalis, and Analysys Mason.
Westcon International: This division is a technology distributor, specializing in security, collaboration, networking, and data center solutions.
Logicalis: Logicalis is an international IT solutions and managed services provider with a breadth of knowledge and expertise in communications and collaboration; data center and cloud services; and managed services.
Analysys Mason: This division provides specialist consulting and research services to telecoms, media, and technology industries worldwide.
