VillageTraderZA

Horizontal bullish flag + Ascending triangle

Long
JSE:MCG   MULTICHOICE GROUP LTD
Multichoice MCG

We have a nice horizontal bullish flag on multichoice The share close on the other side of the resistance (R139.30) of the flag closing on Friday at at R139.87 A great opportunity to add into the bull flag trade I entered in December. For a new entry with a stop around R128. There’s a;sp an ascending triangle pattern. Looks like the long side has some wind at the back.

Read week 2 game plan - villagetrader.co.za/...11/week-2-game-plan/

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