My first target reached at R39.10.
A Cup and Handle formation revealed and broke out on 10 July 2023. It's been a bit of a hold, but the price continued to make higher lows and higher highs.
This is the best case scenario for a long buying trade. The thing is, what's next?
We could get a bit of a retracement here in a consolidation manner. This is where...
Cup and Handle has formed on this volatile stock.
The price has broken above the brim level and it looks like, it wants to rally.
Other indicators confirm upside momentum
7>21>200
RSI>50 - Higher lows
Target 1 will be at R38.88. We can expect higher, but I'm happy with a 1:1.78 R:R.
CONCERNS:
The JSE ALSI 40 just broke below the Symmetrical Triangle. This...