Long
JSE:PSG Markup Starting
PSG was in an accumulation TR and is currently breaking out. After a last point of support (LPS) and back up (BU) to the TR we now see a break out with some volume indicating the markup has started.
Note
Waiting for the next break higher.Note
PSG is going nowhere. It is still testing the top of the Trading Range (TR). Waiting to see if it can react off of the support.Note
A significant bar on high volume off of the top of the TR points towards the advance should continue. The pullback to the TR was on lower volume confirming the bullish sentiment. Note
The markup is grinding higher with some volume behind it. There was also hiden divergence in the Volume RSI.
Related publications
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.
Related publications
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.