CML is on support line and very close to oversold territory Made a false breakout as indicated and fell back again - confirming support. I believe this is a good entry point ----- may rich R51 level.
Seen this play out all too many times I would like to short the Major Supply in the Pivot extension
#Coronation YTD performance is currently 29.6% & remaining one of my favorites. It recently had a nice breakout, with moving averages looking friendlier. Both 5yr & 10yr Market Cap/Assets under Management % still indicate the company to be on cheaper side but getting close to fair value relative to International Asset Managers. Technically the trend is getting a...
Nice Cup formation at this stage with resistance at about R56 to start forming handle. R51 as new support. If breakthrough R56.... may rich R61-R62. But in overbought territory which may hamper suggestion.
Broken downward sloping resistance + RSI divergence. Could really get going above R42.50 resistance.
We are yet to see CML complete a cup and handle pattern,
Great recovery coming from Coronation, with another +/- 5% run again today, bringing the YTD performance now to double-figures. After the 20-day moving average broke above the 50-day on the 4th of March, the trend definitely became a bit stronger and now look a lot healthier. The 14-day RSI is closing in on the 70 mark, which does place the share now close to...
Taken half my position off here - stiff resistance so need to see what happens. Big move today too... Will look for possible re-entry
Testing R43.10 break out level - also a potential bull flag forming. Close above R43.50 confirms flag and targets R45.60
Currently consolidating - hourly close above R43.10 will trigger new buy signal. Target = same as bull flag = R44.25
Close above R42.10 confirms - target = R42.25, SL = R41.60