Peet_Serfontein

AIL: ascending triangle pattern developing?

Long
JSE:AIL   AFRICAN RAINBOW CAP INV
A price action above 590 supports a bullish trend direction.
The bullish trend might get stronger for a break above 620.
The target price is set at 600 (its 61.8% Fibonacci retracement level).
The stop-loss price is set at 550.


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.