- The share looks to be in the late stages of accumulation with a nice pattern displaying contraction in volatility (flat top triangle)
- A break on volume could see price move towards the 200 moving average (weekly) which is currently in the R80 zone (The price it was in the beginning 2020)
- A close below R43 would negate the idea and be bearish for the stock.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
- A break on volume could see price move towards the 200 moving average (weekly) which is currently in the R80 zone (The price it was in the beginning 2020)
- A close below R43 would negate the idea and be bearish for the stock.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.