REM.JSE Remgro Prints a Cup and Handle Pattern.
Remgro has Printed a Cup and Handle Pattern which is Bullish.
Here I have switched to a simple Line Chart to remove the Candle Clutter to easily depict the pattern.
The formation has been projected up to show the potential Target Area.
Also the Tradingview Analysis Target is confirming this @ +- R160 which was R142 Prior.
This Chart is an Update from my Older Chart as of a few Months back.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Here I have switched to a simple Line Chart to remove the Candle Clutter to easily depict the pattern.
The formation has been projected up to show the potential Target Area.
Also the Tradingview Analysis Target is confirming this @ +- R160 which was R142 Prior.
This Chart is an Update from my Older Chart as of a few Months back.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Note
1st Target Area achieved.Note
Inverse Cup and Handle now Printed.
I'm Selling.
Note
Might move sideways, so sold with +29% Profit.
Time to Redeploy.
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