GROWTHPOINT - Long idea for JSE:GRT by Trader-Dan

Wedge

After going ex-div and dropping to a low of R 9.14 a relief rally is possible here to test the down trending 20/50ema

This is a counter-trend trade (reversion to the mean)

MACD crossover
RSi divergence
Falling wedge breakout

Stop-loss below swing low R9.14

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