Imperial
VERY BEARISH IMPERIALPretty self explanatory but here goes...
Neckline of a massive head and shoulders pattern has been broken. A re-test of the neckline (187.00-190.00) will be the place to enter a short for a very large move down. I repeat...very large...
Target1: R150.00 (conservative)
Target2: R140.00 (aggressive)
Target3: R100.00 (Ultra-aggressive)
Good outlook for oversold Imperial Brands?Imperial Brands has faced a long decline over the past few months. Now we see a retracement zone at current levels. I wouldn't be suprised if we could soar in the near-term due to very oversold conditions. The Money Flow index is indicating as a non-lagging indicator that buying parties are flowing into the stock.