Long
SGL - Further to support my previous Cup and handle analysis
Looking at my previous support on Cup and Handle formation, this analysis may also support the suggestion.
The believe is that SGL reached it support line (R13.30 - R13.40) yesterday in its current bullish trend started Aug 2018 and also reach its downside of the handle formation (previous Cup and Handle analysis).
Hopefully is will not break through this support level en start turning back towards the resistance line of the trend (also upside turn in Cup and handle).
Should it keep above support line it may reach levels above R18.00 and even R21.00
Let see what will happen
This is just my opinion and no advice.
The believe is that SGL reached it support line (R13.30 - R13.40) yesterday in its current bullish trend started Aug 2018 and also reach its downside of the handle formation (previous Cup and Handle analysis).
Hopefully is will not break through this support level en start turning back towards the resistance line of the trend (also upside turn in Cup and handle).
Should it keep above support line it may reach levels above R18.00 and even R21.00
Let see what will happen
This is just my opinion and no advice.
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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.
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.