Wild guess for upside for City Lodge to R7.00
I've just gotten off a plane, so excuse if I am missing something.
But these jet lagged eyes potentially sees a massive Cup and Handle in the process.
Ignore the indicators like 7=21 price <200 and RSI<50.
And just see the price action.
We have higher lows forming, strong buying at the bottom of the range (could that be smart money and the big boys.)
We have seen an absolute rally in hotels and accomodation since Covid. Prices are pumping up and yet hotels are still being booked out like no tomorrow.
So, we could actually see a major rally of upside in the sector.
My first crazy target is to R7.00.
What do you think?
But these jet lagged eyes potentially sees a massive Cup and Handle in the process.
Ignore the indicators like 7=21 price <200 and RSI<50.
And just see the price action.
We have higher lows forming, strong buying at the bottom of the range (could that be smart money and the big boys.)
We have seen an absolute rally in hotels and accomodation since Covid. Prices are pumping up and yet hotels are still being booked out like no tomorrow.
So, we could actually see a major rally of upside in the sector.
My first crazy target is to R7.00.
What do you think?
✅ 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)
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