I think this JSE stock might be staging a recovery! There is a very clear inverted head and shoulders pattern with very bullish price action following the last diagonal breakout above the Weekly 100 SMA. I think a Weekly close above 141 could see a prompt move to initial resistance from the Yearly R1 and Weekly 200 SMA @ 160 and after a brief consolidation period (or re-test) a full target of 182 before the end of the year. Support will at present be provided by the Yearly Pivot @ 127
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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.