SteynTrade

JSE:ATT Attacq Another Risky One with Some Space to Move

Long
JSE:ATT   ATTACQ LIMITED
Looks like there is some speculation in the market. Attacq has been very weak but looks as if there is some buying at volume. It may be a little early but worth a shot. After a selling climax (SC) price has been making higher-highs with minor sign of strength (MSOS) on the last up push. However, I will not that the price was unable to overcome the previous high. If you take a trade now I would carefully watch how it reacts at the TR highs but if it is able to break this we are looking at R10 and the yearly pivot point at around R13. giving a good risk-reward at this point.

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