$JSEMTH - Motus Holdings: The Calm Before The Storm?
The last coverage on Motus was on 07.04.2023, link below.
The stock has consolidated in what looks to be a rising channel.
It is still early days but the bulls have yet to show initiative by bidding the stock aggressively from the 8828 low.
Rising channels are bearish continuation patterns.
Price can consolidate for a longer period and continue to make new higher highs and lows.
At this early stage of the consolidation I will sit on my hands.
The stock has consolidated in what looks to be a rising channel.
It is still early days but the bulls have yet to show initiative by bidding the stock aggressively from the 8828 low.
Rising channels are bearish continuation patterns.
Price can consolidate for a longer period and continue to make new higher highs and lows.
At this early stage of the consolidation I will sit on my hands.
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