SteynTrade

JSE:HYP Hyprop Breaking Out

Long
JSE:HYP   HYPROP INV LTD
Hyprop has had a torrid time and dropped to below the 1500 level. After forming a base there are volume signs of strength (SOS) with higher highs forming Last Points of Support (LPS) with volume increasing when pushing higher en decreasing on pullbacks. The Relative Strength has turned the corner and there is divergence on the volume RSI. After breaking the 200SMA we could see a move to 5000.

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