Long

Possible long on PSG

Updated
JSE:PSG has broken out of the sideways trend that it has been trading in for quite a couple of months. It has formed two higher lows in a row and has broken through the long term resistance and bounced off of it as support.

If the price moves above the last high I will enter a long postion.
Trade active
We entered the long on Friday last week. It has retrtaced slightly, but still looks promising
ALSIbreakoutChart PatternshigherlowjsePSGsouthafricaTrend AnalysisZAR

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