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Peet_Serfontein
May 12, 2023 12:28 PM

MTM: mean reverting trade? Long

MOMENTUM MET HLDGS LTDJSE

Description

A price action above 1740 supports a bullish trend direction.
Further upside price confirmation for a break above 1790.
The target price is set at 1830.
The stop-loss price is set at 1710.
Remains above its 200-day simple moving average.
High likelihood of a mean reversion trade.
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