Now making it's sixth attempt at support after Steinhoff sold of more of their holdings, this one looks ripe for the pickings. getting very over-sold in the short term could mean that a bounce is imminent. I think it offers good value near R19.00 for a bounce back into the 20's. At these levels, one could quite easily place a stop loss just below that support line in case this one goes against you.
Trade closed: stop reached
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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.