Asanda_The_Technical_Analyst

IMBALIE BEAUTY LIMITED

Long
JSE:ILE   None
The stock has been on a downtrend from 2013 up to now. However, the current support level(R0.01) formed an Double Bottom Reversal pattern with divergence on the Relative Strength Index. This pattern is promisingly giving us confidence to the upside, however the stock will need to be backed by good fundamental reasoning for us to safely take trades.

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