Cup and Handle with a breakout today?
Trade active:
Hi guys, just a quick update. The share reached my first target of R93.21 in opening trade reaching R99.00 before a sharp pullback in what appeared to be guys covering their positions.
It closed at R87.26 (up 11% on my entry position)
The technical indicators remain in place and I'm keeping the trade active.
Have a good weekend.
It closed at R87.26 (up 11% on my entry position)
The technical indicators remain in place and I'm keeping the trade active.
Have a good weekend.
Trade closed manually:
Cup and handle didn't play out completely. Reached Target 1 and pulled back into a consolidation with a strong resistance and support channel. New pattern emerging as a result.