Here is the update with Standard Bank.
The price broke up and out of the Brim level of the Cup and Handle.
The price is also above the 20 and 200 MA - Bullish by nature.
It then rocketed up which I said, the target was on the way to R251.68.
It's an unusual situation as the general JSE has been coming down as of late, and yet banks signal a bit of a foretelling notion that the index is soon set to fly.
Is that the case or will there be a fakeout of note.
We will have to see.
The price broke up and out of the Brim level of the Cup and Handle.
The price is also above the 20 and 200 MA - Bullish by nature.
It then rocketed up which I said, the target was on the way to R251.68.
It's an unusual situation as the general JSE has been coming down as of late, and yet banks signal a bit of a foretelling notion that the index is soon set to fly.
Is that the case or will there be a fakeout of note.
We will have to see.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
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)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
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)
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.