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Timonrosso

TRADE UPDATE Afrocentric on target to R5.93

Long
AFROCENTRIC INV CORP LTD (JSE:ACT)  
Timonrosso  
JSE:ACT   AFROCENTRIC INV CORP LTD
Trend Analysis Chart Patterns Fundamental Analysis afrocentric jseact jse southafrica jse_top40
1
0
trendanalysis chartpattern fundamental afrocentric jseact jse southafrica jse_top40
W Formation on AfroCentric was strong.
Broke above the neckline but the overall volatility was very jumpy.
Hence, the stop loss would be right below the entire formation to make for the chop.
7>21>200
RSI>50
Bullish
Target remains at R5.93
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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