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Bullish Engulfing & Consolidation breakout

Long
CLICKS GROUP LTD (JSE:CLS)  
RossLarter  
JSE:CLS   CLICKS GROUP LTD
Trend Analysis Candlestick Analysis jse ALSI ZAR southafrica clicks
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trendanalysis candlestick jse alsi zar southafrica clicks
CLS has been in a consolidation phase since the 4th of May in a sideways move. Today's price action has caused a breakout of this consolidation zone with quite a lot of momentum causing a bullish engulfing candle pattern to form.

If it trades higher tomorrow, it will be looking good for a move to the upside.
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