Peet_Serfontein

INP: mean reversion trade?

Long
JSE:INP   INVESTEC PLC
A price action above 8500 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further bullish trend support above 8800.
Consolidatioin range from 8700 to 9000.
Crossing above 9000 might support receing the target price of 9500.
Crossing below 8700 will be the first sign of weakness.
Appears that the 200-day simple moving average acted as major support.

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