Super Group stock rallied 6.6% today (19 June 2014) to close at $1.45. The strong performance of Super Group has led the price now exceeding the 20-days moving average on the technical chart. Also, the RSI has now crossed the oversold region and this, together with a golden crossover of the MACD may indeed signal the Super Group’s rebound! The rebound is timely given that Super Group’s price has gone south after its business in Thailand was no good. I have bought some Super Group’s stock when the stock price was not doing well; again this is a technique of picking up stocks when the market does not love them.
Hmm, although I do not drink too much coffee, I value businesses based on its capabilities and Super Group is one whose business model impresses me.
Super Group’s stock price movement today is also a coincidence to me ......