MTM trade ideas
MOMENTUM - Head & Shoulders playing out- Price broken below neckline
- First target will be around R17.50
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
weekly break out It broke out of trend and retested. With a reverse head and shoulders pattern. I am in
MTM: recently crossed above its 200-dayCrossed above its 200-day simple moving average recently. First signal in the last 27 days.
Recently crossed above its 8-, 13, 21-day simple moving averages.
Crossed above its 50- and 100-day simple moving averages. First signal in the last 31-days.
MACD bullish crossover.
PARsar bullish trend change.
Heikin-Ashi bullish trend.
Crossed above its 8-day linear regression line.
Coppock curve zero-line crossing upward.
Some bullish divergence supported the idea (RSI).
Concern remains the recent quick and sharp movement.
Time to exit: 30 September 2019. The trend on average is changing every 16 days. Slow mover. Be patient.
