Price made highs around R74 before stalling
RSI divergence evident on Daily chart
Price stayed higher or equal, whilst RSI moved lower as marked by ! & 2 on the chart.
Current price is around R69
1st Target is price below R55
RSI divergence evident on Daily chart
Price stayed higher or equal, whilst RSI moved lower as marked by ! & 2 on the chart.
Current price is around R69
1st Target is price below R55
Note
Price has been moving down nicely.Initial target of < R55 in sight
2nd Target @ R50.50
3rd Target @ R45
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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.