Nampak huge upside to come after announcement to R271.81
W Formation has confirmed and formed after the announcement they are leaving Nigeria.
This pumped up the price over 17% in a day.
However, high volatility is always a risky biscuit and big candles normally results in the counter candle.
So I'd wait for the price to break ABOVE the W Formation and for the price to break above the 200MA.
Then the nature will be HPT and the target will be around R271.81
This pumped up the price over 17% in a day.
However, high volatility is always a risky biscuit and big candles normally results in the counter candle.
So I'd wait for the price to break ABOVE the W Formation and for the price to break above the 200MA.
Then the nature will be HPT and the target will be around R271.81
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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