OCEANA swimming to our target of R76.00 Since our last Trade Update with Oceana, the market is still on track to R76.00.
The Quazimodo Inv Head and Shoulders seems to be working, but taking its damn time.
Also we have stronger bullish confirmation signals like
7>21
Price >200
RSI >50
All great signals for upside momentum
Here's general information about Oceana.
Oceana (founded in 1887 and headquartered in Cape Town) is the largest fishing companies in South Africa and largest fish canned company.
It is involved in the harvesting, processing, and marketing of fish and fish products. They operate a fleet of over 20 vessels and exports products to over 50 countries world-wide.
The company's main species of fish include hake, sardines, and anchovy. And is involved in fishmeal and fish oil production.
Their main brands are Lucky Star, Oceans, and Klipkop.
Jseoce
Inv Head and Shoulders for Oceana with an upside to R76.00I call this a Quazimodo INV H and S> it's because it's an unattractive pattern which isn't the greatest setup for traders when it comes to probabilities.
It's been in a sideways movement since 2 December 2021 fluctuating between a range.
Moving averages look good though 7>21>200 and RSI above 50 and making higher lows.
The first target is R76.00