Timonrosso

Bear Diamond Pattern break down on City Lodge to R3.71

Short
JSE:CLH   CITY LODGE HOTELS LTD
Bear Diamond Pattern broken down
Bearish Engulfing
Target R3.71

CONCERNS:
This is one of those stocks that move in large Sideways consolidation areas for a long period of time. If the price breaks out of the range, we can get some traction to the upside. But this is not a trading haven.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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