Richemont showing strong upside after unusual pattern
Rising Wedge formed on Richemont with a prior uptrend.
And believe it, it's broken up. This is normally a reversal pattern that breaks down.
However, since the share distribution, the demand has been sky high pushing the price up.
7>21>200
RSI>70
Target R4,142
All the great elements of a rising trend.
And believe it, it's broken up. This is normally a reversal pattern that breaks down.
However, since the share distribution, the demand has been sky high pushing the price up.
7>21>200
RSI>70
Target R4,142
All the great elements of a rising trend.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.