Spur Bull Box has formed and the price broke up and out of it.
7>21>200 - MA bullish
RSI>50 - Bullish
Target R23.96
CONCERNS:
This stock is definitely NOT in my trading list. The liquidity is low, the candles volatility are high.
The price jumps all over the place and doesn't show any strong signs it works with breakout patterns.
Also the price patterns can...
Spur is in a long downward channel. Stochastic is overbought. Sell at 1405, stop loss 1512 and targeting 1055. I Think this industry still has a way to go before the effects of the silly pandemic will be overcome.
I don't have much hope that Spur will break up through the downward channel here.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it in any way....
Bouncing off the previous resistance - monitor if it holds for possible double bottom formation.
Disclaimer: The views provided herein do not constitute financial advice.
Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not.
This idea is based on my strategy, please consider your own before using it...
The long term head and shoulder top formation continues to play out with the neckline being rejected while we have also seen the long term trend line going back to 2003 being rejected which signals a further deteriorating technical outlook. My target here remains 1600c.
Below we highlight the original chart published during September 2018 at 2719c, followed by...
We have seen a long distribution trading range (TR) which formed from 2013 to 2018 that is now playing out to the downside. The markdown has now had a redistribution TR form and has reached the overbought line of the downward stride. Expecting the markdown to continue with a break of the TR.
