AIP is showing strong growth after a terrible knock it took during the coronavirus lockdown. On the chart it is clear that AIP is moving toward its Weekly Rectangle Resistance Level. A breakout is possible out of the daily consolidation block on heavy volume.The DI + lines is above the DI- lines that indicates more bullish trend movement, with the ADX slanting upwards.
Investors can target a growth of 28%.
TP : R55,20
SL : R39,50
RR : 3,56
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.