Box Formation has formed with MTA.
Now we need to wait for the breakout.
Now this is funny. Normally box formations are Continuation patterns.
As the prior trend was down, we would expect the price to break down.
However, we are seeing higher lows and the support is being respected.
So I am favouring an upside breakout. But in the meantime I'll give you...
Falling Wedge which looks more like a rectangle flag formed on Metair.
We then saw a Major breakout today.
The next target is generally to the top of the formation.
However, we have mixed signals and a warning.
200>21>7 - Bearish
RSI>50 - Bullish
Target R30.00
WARNING
We need the price to break above the 200MA to indicate it's in a confirmed uptrend. We...
