The stock is set to go on a bullish run for the 1241.83 price level. The semiconductor shortage and the threat of the Omicron variant doesn't seem to have an impact on the electric car manufacture.
If you missed the entry on the retracement, its not late jump on the Purple groups rally to previous highs. This move is boosted by the groups, easyequities product success. It is still expected to grow their user numbers/day traders. From trend analysis, price will reach levels which it rejected at first. Long term bullish on this stock, look for it to reach the...
Price structure/Technical analysis shows us that price is forming a nice pennant and should price break the top trendline, then market should take it as confluence to go long.
Clear analysis illusrates that the good run the Rand has been on of the back of good industrial reports is possibly coming to an end. Also the previous support is proving quite hard to break. The only thing that might turn the tide is bad fundamentals for the dollar. Otherwise, look for long positions.
The stock looks set to break out of the channel and head for previous highs. The high inflation seems to bear no effect of the South African stocks. Expect the stock to reach profit levels 24087.
