City Lodge, has been in this tiresome Symmetrical Triangle since October 2022... However, recently it's broken above which is showing positive signs that there is upside to come.. However, in the most recent SENS update there was a mention about the Odd Lot Offer. So let's break it down and what it means. 1. What's Going On: As of October 16, 2023, there...
Cup and Handle seems to be forming on City Lodge. There are signs of a rounding cup, a handle that is in the process and now it needs to complete. Once the price breaks above the brim level, it'll be more positive for upside. 7=21 = About to cross Price>200 - Bullish RSI>50 - Pointing down? Target R6.51 WARNING is that the previous trend was sideways. We...
Cup 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...
This is not a forecast or a signal. It's just an example of an occasion which a pattern like Wolfe Waves worked well. CLH - A while back I posted a long entry (Early October) with a potential Bullish Wolfe Wave forming with a trend reversal at point 5. We saw a bounce at the key area of support followed by a continuation on that momentum to the initial target.
There has been a change in the wind for City Lodge. A small but evident Cup and Handle has formed. 7>21MA Price is still below 200MA which is a minor concern but with the JSE and ALSI picking up and establishing a somewhat bull market, this should send the price up, Target 1 = R5.00
Hey folks, happy Tuesday! CLH has been forming the cup and handle pattern for the past couple of weeks and we are current at the formation of the handle. This is a really good time to set up a long position with a tight stop loss right below the 21 EMA. We also see decreasing volume meaning low supply and that will drive the price to the breakout level!
Since the lows, in March 2020 City Lodge Hotels has seen increased trading volume on the JSE at the 320 level and below. We have now seen a pullback to this level which is also the 50 and 200daySMA with increased volume significant bar. This looks like the markup in Phase D of the Wyckoff trading range and we can expect this to continue to the top of the trading...