M Formation turning into Triple Top with IMP.
I am hesitant making this analysis as the JSE is showing strong upside to come along with international markets.
But the charts are still saying the price is likely to test demand to the upside and if it's weak this thing can drop big time down to R38.00.
We definitely need to wait for the breakout and a strong down candle. But that's what the analysis says.
Price<20
Price>200
Need to wait for breakout
Target R38.07
I am hesitant making this analysis as the JSE is showing strong upside to come along with international markets.
But the charts are still saying the price is likely to test demand to the upside and if it's weak this thing can drop big time down to R38.00.
We definitely need to wait for the breakout and a strong down candle. But that's what the analysis says.
Price<20
Price>200
Need to wait for breakout
Target R38.07
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.