Investec (INL) | Monthly Chart: The share is unwinding from the resistance range at upper boundary of multi-year channel + MACD breakdown. On a multi-year basis (taking a portfolio view), the current level offers a poor reward-to-risk for new buy/long entries.
For long time clients of Unum Capital, INL has been a feature on the buy/long side since February 2021 at a price of 4109c. Most recent high = 14402c (July 2024).
Lester Davids
Analyst: Unum Capital
Comments