JSE:HYP Hyprop Breaking Out
Hyprop has had a torrid time and dropped to below the 1500 level. After forming a base there are volume signs of strength (SOS) with higher highs forming Last Points of Support (LPS) with volume increasing when pushing higher en decreasing on pullbacks. The Relative Strength has turned the corner and there is divergence on the volume RSI. After breaking the 200SMA we could see a move to 5000.
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.