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beyondta candlestick cupandhandle doubletoporbottom flagpattern headandshoulders indicator movingaverage oscillator parallelchannel rectangle supportandresistance triangle value wedgepattern Less Tags Show All Tags
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Pick n Pay - Trading off resistance
PIK
, 1D
Long
PIK: Pick n Pay - Trading off resistance

A strong bounce off the bottom of the current range and a golden cross looking likely with the 50MA set to cross above the 200MA. The first target would be the top of the current range at around R57.00, if broken to the upside and held, the second target would be around R64.50. Tight stop loss with a daily close below the current trading range around R49.30.

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