W Formation on AfroCentric was strong.
Broke above the neckline but the overall volatility was very jumpy.
Hence, the stop loss would be right below the entire formation to make for the chop.
7>21>200
RSI>50
Bullish
Target remains at R5.93
W Formation formed on Afrocentric. The price broke above the neckline showing there's more demand.
Before that there was a big GAP. This gap is known as a breakway away.
It broke out of the down/sideways trend and into an uptrend.
Hence there is a bullish tone and more buying along the way.
7>21>200
RSI>50
Bullish
Target R5.93
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AfroCentric...
