Coronation looks to be in a bearish consolidation on the daily.
A break of the R44 support area could expose its most recent lows around R39.
A bounce towards the upper channel cannot be ruled out though; but I’m favoring the bears here.
A break of the R44 support area could expose its most recent lows around R39.
A bounce towards the upper channel cannot be ruled out though; but I’m favoring the bears here.
Note
Bearish consolidation it was; still expecting more downside
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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.