Timonrosso

Adcorp could crash to R2.00 if this happens

Short
JSE:ADR   ADCORP HOLDINGS LIMITED
Descending Triangle has formed on Adcorp...
We are seeing the price constrict between the apex as it's been forming lower highs.
200 > 21 > 7 - Bearish
Target R2.00 then R1.64
We do need to wait for a break down though... If it breaks up then things will look more rosy for the share

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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