Long
IMBALIE BEAUTY LIMITED
The stock has been on a downtrend from 2013 up to now. However, the current support level(R0.01) formed an Double Bottom Reversal pattern with divergence on the Relative Strength Index. This pattern is promisingly giving us confidence to the upside, however the stock will need to be backed by good fundamental reasoning for us to safely take trades.
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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.