Commentary originally published on our client research platform on Monday, 30 August.
"When viewed via it’s monthly chart, the share price is nearing a medium term area of supply, being both the Q4 2019 breakdown level as well as the downward trend line extending back to the peak of March 2018. Considering the significant advanced from the March 2020 lows (+148%), it could be expected that the share overshoots the trend line before consolidating in the current range and/or moderately retraces.
Please note, the analysis takes a portfolio view rather than a short term trading view however the time frame analysis may also provide a perspective to the short term trader."
Current 15754c
For more real-time insights and ideas, get in touch today.
"When viewed via it’s monthly chart, the share price is nearing a medium term area of supply, being both the Q4 2019 breakdown level as well as the downward trend line extending back to the peak of March 2018. Considering the significant advanced from the March 2020 lows (+148%), it could be expected that the share overshoots the trend line before consolidating in the current range and/or moderately retraces.
Please note, the analysis takes a portfolio view rather than a short term trading view however the time frame analysis may also provide a perspective to the short term trader."
Current 15754c
For more real-time insights and ideas, get in touch today.
