AECI Setting up for a bomb to R91.73

Potential Inverse C&H is forming on AECI.

The price action and momentum looks downwards and it looks like we are going to see some chop before the downside.

Once the handle forms and shows that price doesn't want to break above the handle, we will see panic selling sending the price to the 200 MA.

7 to cross 21
Price to go to 200MA
Target R91.73

ABOUT THE COMPANY:
AECI (African Explosives and Chemical Industries) is a diversified South African company with a long history and a wide range of operations.

Founding Year:
AECI was founded in 1896 and has a history dating back more than a century.

Diverse Operations:
AECI is a diversified company with operations in various sectors, including mining, water, agriculture, chemicals, and more.

Chemical Manufacturing:
AECI is a significant player in the chemical manufacturing industry, producing a wide range of products, including explosives, specialty chemicals, and agricultural chemicals.

Mining Solutions:
The company provides a range of products and services to the mining industry, including explosives, initiation systems, and technical support for safe and efficient blasting.

Water and Process:
AECI's Water & Process business specializes in water treatment and process chemicals, serving industries such as pulp and paper, food and beverage, and industrial water treatment.

Agricultural Solutions:
The Agriculture business of AECI focuses on providing solutions for crop protection, plant nutrition, and soil health to support agricultural productivity.