Since the lows, in March 2020 City Lodge Hotels has seen increased trading volume on the JSE at the 320 level and below. We have now seen a pullback to this level which is also the 50 and 200daySMA with increased volume significant bar. This looks like the markup in Phase D of the Wyckoff trading range and we can expect this to continue to the top of the trading...
CLH showing a gradual increase from peak bottom of R2.30 and currently sitting at R4.00.
In increase from this point to R6.00 resistance would yield a 50% increase although it would be a long risky ride. Share price is still a fraction of what it once was but lets not forget the share price has been on a downtrend even before the first covid lock downs. The all...
City lodge had a really good week, starting at just under R2.40 and ending off at R3.16. A growth of about 32% in a week. Possibly reacting the the good news of the vaccine announced. Despite a strong showing this week, its still a far cry from the R16.00 price point we started the year with and thus City Lodge still has a long way to go.
An interesting note...
As a share holder of this stock, i have become numb. And thats a good thing because now I can hold indefinitely. Recovery of City Lodge could have really good returns. For now it seems fluctuations are slowly dying down. At this point we hope for some good news that could send the share price rocketing. The hospitality industry doesn’t seems to have reacted very...
City lodge now after its stock split and rights issue has been forming this perfect horizontal channel where it will soon be reaching close to the bottom due to the earnings report and bounce back giving us an amazing potential 130% growth opportunity. this is something i am currently in and will be holding for the upward wave to gain some great profit.
Please...
Current price today (24 Jun-20) is close to a buy zone.
The buy zone is evident on the 4h chart @ 2200-2100
Aggressive buy above 2200 possible
Ideal entry <2200, but price might not get there.
See trade summary on chart
Stop zone < 1900
#CityLodge #CLH $CLH #JSECLH #JSE
Don't know who bought the top here but this isn't looking all that great.
Rising Wedge / Bear Flag / Bear Pennant what ever you call it. Same result at the end of the day its heading down down down (IMHO).
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JSE:CLH
Yes, the title sounds crazy.
Why would you want to invest in a traditional hotel group during one of the worst periods ever to be a hotel? Well during a crisis there are many opportunities that present themselves and this is one of them. Generally I am of the school of thought to “stay out of the market” during a crisis. Reason being cash is king and I...
