Trader-Dan

MULTICHOICE - 52 Week Low #JSEMCG

JSE:MCG   MULTICHOICE GROUP LTD
The stock has had a rough 2023 dropping now 56% from its peak in late February.

The reversal of a false breakout can be vicious as witnessed and it's been one way traffic to the downside ever since.

There is no need to try call a bottom until a previous support is reclaimed or the chart structure develops.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.