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Citylodgehotels

UPDATE: City Lodge chose a direction and it's a skyscraper!The last update with City Lodge was the market was moving in a very large Symmetrical Triangle. It was luck of the dice whether the makret was going to break up or down. But there were certain signs showing an uptrend was more evident. The support level was making higher lows. The price did not crash down when it went below 200MA> And now with the 7>21 and with the Price above the 200MA, it's looking good. We could easily see the price move from R4.77 to R5.44.
JSE:CLHLong
by Timonrosso
TARGET HIT City Lodge hit the target at R3.71 but I'm not happy Bear Diamond Pattern formed on City Lodge a few weeks ago. We then had a strong break down, which showed a big collapse to come. We set our target at R3.71 which many traders thought I was crazy. I told them I hope I am wrong, because I don't like when companies drop in value who offer great value to customers. But the charts showed downside and I couldn't be biased. The target hit and unfortunately, we still see downside to come. I'll be waiting for the next formation in the meantime.
JSE:CLHShort
by Timonrosso
City Lodge looking great for upside to R6.46Cup and Handle - Retest 7>21 SMA - Bullish Price >200 Bullish RSI >50 broken Neg Div. Target R6.46 General Info City Lodge (JSE:CLH) is a South African-based hotel group listed on the JSE in 2000. It operates in variety of hotels across South Africa, including the City Lodge Hotel, Road Lodge, and Town Lodge brands. You'll find the hotels mainly in SA (Johannesburg, Cape Town, Pretoria, Durban, and Port Elizabeth). But I believe it also has hotels in other parts of Africa like Botswana, Namibia and Mozambique.
JSE:CLHLong
by Timonrosso