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Timonrosso
Jan 3, 2024 10:03 AM

Motus Triple Bottom wait for the break! Long

MOTUS HOLDINGS LTDJSE

Description

Triple Bottom seems to be forming on Motus.

The price has broken above the downtrend, showing the bulls are trying to get into control.

Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom.

Another clear sign of consolidation is the fight between the MAs...

Hence this is a waiting game. But once the price breaks above the neckline, the first target will be easily to R146.52.
Comments
Phiwa26
are you from South Africa?
Timonrosso
@Phiwa26, Absolutely
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