CSB trade ideas
JSE:CSB Cashbuild MarkdownAfter the backup (BU) to the redistribution trading range Cashbuild is starting with the markdown.
JSE:CSB Cashbuild Markdown to continueCashbuild has broken out of the redistribution trading range (TR) and has attempted to rally back into the TR (See post below). The 26000 level has proven strong resistance with high volume rejection. After this strong selling, we can expect the markdown to continue.
JSE:CSB Cashbuild Redistribution CompleteAfter a decline, Cashbuild has undergone a redistribution trading range (TR). After some last points of supply (LPSY) we have seen negative divergence on the volume RSI and a break of the TR. This indicates the potential start of phase E of the redistribution.
CSB - Cashbuild weekly descending triangle breakdownCSB has broken down below a 12 month descending triangle pattern this week on strong bearish candle close.
RR:1:1.5+
