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Motus

Motus Triple Bottom wait for the break!Triple Bottom seems to be forming on Motus. The price has broken above the downtrend, showing the bulls are trying to get into control. Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom. Another clear sign of consolidation is the fight between the MAs... Hence this is a waiting game. But once the price breaks above the neckline, the first target will be easily to R146.52.
JSE:MTHLong
by Timonrosso
2
Motus broke above a Triple Bottom and is heading to R130.00 Triple Bottom has formed on Motus after the last few months. And just recently, the price has broken above the neckline of the pattern, This is bullish for an investor as there is extensive upside to come, by the looks of things. 7>21 bullish Price<200MA RSI>50 Target 1 will be to R130.00. It's quite optimistic, but you saw how quickly the stock fell in a short period. It needs to go back up and rebalance. ABOUT THE COMPANY Motus Holdings Limited is a South African company that operates in the automotive sector, dealing in vehicle retail, vehicle services, parts and accessories, car rental, and financial services. Founding: Motus was established as a division of Imperial Holdings Limited in 1973. Public Listing: The company was separately listed on the Johannesburg Stock Exchange (JSE) in November 2018 after a demerger from Imperial Holdings. Global Presence: Motus operates in South Africa, the rest of Africa, the United Kingdom, Australia, and South East Asia. Business Segments: The company operates through four main segments: Import and Distribution, Retail and Rental, Motor-Related Financial Services, and Aftermarket Parts. Vehicle Brands: Motus represents a wide range of vehicle brands through its dealership network, including Hyundai, Kia, Renault, Mitsubishi, and many more. Vehicle Types: The company deals in both new and pre-owned passenger vehicles, commercial vehicles, and heavy equipment. Services: Motus also provides vehicle-related financial services and products, including vehicle finance, insurance, and warranty products. Parts and Accessories: Through its Aftermarket Parts segment, Motus sells a wide range of vehicle parts and accessories. Rental Services: Motus offers vehicle rental services through its car rental business, which operates under several brands including Europcar and Tempest. Employees: As of 2021, Motus employs approximately 16,300 people across its various operations.
JSE:MTHLong
by Timonrosso
MOTUS Reverse Cup and Handle target to R105.32Reverse 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).
JSE:MTHShort
by Timonrosso