GROWTHPOINT - Long idea
After going ex-div and dropping to a low of R 9.14 a relief rally is possible here to test the down trending 20/50ema
This is a counter-trend trade (reversion to the mean)
Stop-loss below swing low R9.14
This is a counter-trend trade (reversion to the mean)
- MACD crossover
*RSi divergence
*Falling wedge breakout
*
Stop-loss below swing low R9.14
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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.