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RossLarter

Investec consolidation breakout

Short
INVESTEC LTD (JSE:INL)  
RossLarter  
JSE:INL   INVESTEC LTD
Trend Analysis Parallel Channel Support and Resistance jse ALSI ZAR southafrica investec
4
0
trendanalysis parallelchannel supportandresistance jse alsi zar southafrica investec
INL has been trading in a parallel consolidation channel since December but it seems to be breaking out with today's price action. If it confirms with tomorrow's price action, it could be setting up for a short position towards the support zone around the 7700 level.
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