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VillageTraderZA

Failed symmetrical triangle pattern bullish for coronation

Long
CORONATION FUND MNGRS LD (JSE:CML)  
VillageTraderZA  
JSE:CML   CORONATION FUND MNGRS LD
Trend Analysis Chart Patterns
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trendanalysis chartpattern
The symmetrical triangle pattern that fail 2/3rds in turns to fail as a continuation breakout. It usual signals a reversal. That happens to be bullish for the Coronation  as the stock holds the 200 day EMA as support. Closing today with a bullish engulfing candle.  Still waiting for a close above R52.55 to add to my position.
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