We have an inverse head and shoulders pattern, with the right shoulder being slightly higher than the left shoulder. The stock is battling with the 200 day EMA. If the stock can break the 200 day EMA. That would be a buy signal with a stop loss at R262 and a profit target of R378. Assuming R295 as an entry level
Risk R33
Potential reward R83
R:R of 2.5
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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.