(To The) Sun International? Above the monthly and quarterly pivot. Looking to break out of pennant?
- Price is back to an area of support and volume has picked up - Looking for a move up here towards R30 level. - Stop loss Below R25 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
The potential for a repetitive price action remains of interest (see the two black arrowed trendlines). A price action below 2960 supports a bearish trend direction. Crossing above this level will negate the bearish stance. MACD crossover (in overbought territory) confirmed a change in trend direction. Downside price momentum supports the bearish trend. RSI is...
SUI forming a bullish flag after breaking out its medium term bear channel. more upside can be expected from this sort of pattern.
SUI breaking out of a descending triangle. First target at R32 and second target R35.50. Trade ideas are my own and not financial advice.
JSE:SUI has made a strong upward move in the last two days. It is up over 11% in just today's price action. Currently it is trading at a strong trendline. It could either bounce off and make it's way down before turning up again, but if it breaks through, I think we can potentially see an extended upward move.
sun international may have a fighting chance bull structure at play
SUI had broken up out of a 3 month descending channel Reward to risk : 2:1
JSE-SUI: Watching a possible inverse H&S N/line - 2033 T/p - 2268
There is a nice bull flag forming here with a good R/R. Long term trend is still down,be careful when trading against the trend.
Someone asked about leisure & travel shares, the chart of Sun International looks interesting. Has a large ascending triangle that has broken out & price has formed a bull flag just above the point of breakout. This looks great for a run towards R30 & consolidate. If the SA variant of COVID doesn't prove to be a headache this might continue to go up since Emerging...
JSE:SUI - Briefly loses support (1115) before recovering to close above (1120) A break below open 944 as the next target lower with the falling chanel
R20 = 4 Aug R22 = 6 Sep R24 = 4 Oct R26 = 9 Nov R28 = 7 Dec R30 = 11 Jan 1 March R33.25
Watching this for a potential rectangular breakout if we can get cleanly through the 1800 zone. Would open up an initial target at 2400. Potential acquisition target too.
$JSESUI has formed a C&H pattern and looking for a b/o above 4500 (14d MA 4524) Both MOM and RSI look +ve and support the possible move higher.