Motus Holdings (JSE:MTH) is trading within the bounds of a constricting triangle. Triangles are generally continuation patterns which would lead you to believe that perhaps the next move is down, however, there are occasions in extreme circumstances such as these where the stock has moved so aggressively that it could also result in a bottoming pattern. In either event, the important levels to watch are R30.00 for the downside break or a close above R35.00 for an upside break. For now traders can likely trade the R30-R35 range until the stock decides in which direction it will ultimately resolve. Targets are huge on this one, R54 for upside break or as low as R10 if we get the downside break.
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