KURASIA…A Comeback Fight?

KURASIA…A Comeback Fight?: "Kurasia broke down the envisaged support level of 0.75 since purchase. The fundamentals are intact, excitment in industry M&A led by Jerneh, coupled with the upcoming reintroduction of risk-based premiums which sets to benefit the country’s largest motor insurer, the stock is therefore a hold.

Its stochastic indicator has hooked up, signaling a short-term reverse move that needs further confirmation in a golden cross and the overcoming of resistance at 0.70, then 0.75 and finally 0.80.

A price drop below 0.66 will see a continuation of weakness and call for a stop loss.

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