A bullish trend (rand weakness) seems applicable.
Ideal long entry around 20.70
Increase exposure for a break above 21.90
Target is set at 23.75, which is just above the upper range of the wedge pattern.
Stop-loss at 20.05.
It is a long-term play, which might unfold over the next 6-12 months.
Ideal long entry around 20.70
Increase exposure for a break above 21.90
Target is set at 23.75, which is just above the upper range of the wedge pattern.
Stop-loss at 20.05.
It is a long-term play, which might unfold over the next 6-12 months.
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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.