Growthpoint could potentially be forming a bearish flag here. We have run up into the 200 dma as well as the 61.8 fib retracement of the last 6 months swing high and low. Would look for a retracement to at least R24.20 as a first profit target.
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.