Inv C and H has formed, the price not only opened below the brim but opened with a Run away bearish gap. The price is below both 20 and 200SMA> ANd looks like the next target is set to 51 cents. Not great but the charts don't lie.
Large Bear Box Pattern formed and the price broke below. The signs were showing downside to come. But it's been a slow trade. 200 > 21> 7 - Bearish RSI <50 Bearish Target remains at R2.50 ABOUT THE COMPANY Brait SE was founded in 1991 and is headquartered in Johannesburg, South Africa. The company has a diversified portfolio of investments in various...
Large Bear Box Pattern formed over the last year with Brait. And unfortunately it gets worse. The Highs have become lower and lower accompanied by bearish indicators. 200 > 21> 7 - Bearish RSI <50 Bearish Target R2.50 WARNING: The breakout was definitely not a strong one. So, if there are strong prospects and investors want to protect the company, it...
BAT a trend shift imminent currently trading at a zone it has not been in a while
As per previous posting - BRAIT JSE:BAT broke out from the flat top triangle but was met with resistance at the 100ma - Trade closed by trailing S/L - Will be watching where in closes today for further clues.
A short technical note from our Unum Trading Desk analyst, Lester Davids. "On the Brait (BAT) chart, following the test and breakout of the downward trend line, the price has given us a small 3-day pullback, with a positive close yesterday. The RSI is starting to move out of oversold territory so there could be a potential buy/long opportunity on the share . A...