A price action above 5700 supports a bullish trend direction. Further confirmation for a break above 5900. The target price is set at 6100. The stop-loss price is set at 5600. Upside price momentum supports the bullish trend direction.
- R46 held and we reached the R50-52 zone as per the idea below . - A possible flag building here that could potentially test the down sloping 200dma alternatively we could go to the bottom of range again if the bulls drop the ball -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
- The price is in a consolidation phase after the recent major leg down. - Looking for a move towards R50-52 zone initially. - Stop loss below R46 - NB This is a counter trend trade. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Price is on the move here breaking out and trending higher. The problem with trading this stock is the spread(I dare not). Maybe one for the LT portfolio if you use techno-fundamentals. Interesting though, as always manage your risk.
Looking bullish and a new all time high 5350 + is now a target.