JSE:IMP Impala Testing the Top of the Trading Range
After a great run, Impala may be exhausted (See post below as we followed it on the way up). Now it has formed a smaller TR at the top of the larger TR. The smaller TR looks like distribution and could indicate that price can start moving down again within the larger TR. Divergence on the volume RSI points to selling pressure and high volume down could indicate an upthrust (UT). Price could possibly range at the top for a little longer but possibly we are looking to a break lower.
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