- Looking at the monthly chart, price broke above the inside bar month and bulls managed to keep prices above into the close of the month.
- This is a 2-1-2 Bullish Reversal on the monthly and looking left, one can see its a major level (resistance => support)
- The setup looks favourable to target R442.08 zone with an aggressive stop below R336.10 or a more wider stop at R314.44
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
- This is a 2-1-2 Bullish Reversal on the monthly and looking left, one can see its a major level (resistance => support)
- The setup looks favourable to target R442.08 zone with an aggressive stop below R336.10 or a more wider stop at R314.44
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.