Short-Term "Positive Divergence" Creeping in.
Having a look at the 30 Min short-term chart, it's encouraging to see some Positive Price Divergence.
That is, the Relative Strength Index (Indicator) is travelling in the opposite direction to the price.
My guess is that the price may look to eventually retrace to it's Volume Weighted Average Price (HLC/3) at around the R2566.40 level.
While it may not be a straight shot up to the VWAP, I'd be happy to hold the shares at these levels, with less fear of a "Bearish Trend" continuation.
Shares can always take a sudden down-turn, so be cautious of any retracement below the 31.29 RSI Level.
That is, the Relative Strength Index (Indicator) is travelling in the opposite direction to the price.
My guess is that the price may look to eventually retrace to it's Volume Weighted Average Price (HLC/3) at around the R2566.40 level.
While it may not be a straight shot up to the VWAP, I'd be happy to hold the shares at these levels, with less fear of a "Bearish Trend" continuation.
Shares can always take a sudden down-turn, so be cautious of any retracement below the 31.29 RSI Level.
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