Timonrosso

UPDATE: Transaction Capital on its way to the 2nd target R11.53

Long
JSE:TCP   TRANSACTION CAPITAL LTD
Two formations occured with TCP.

The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88.

The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time.

SInce then the trajectory has been smooth sailing up. Target remains at R11.53.

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