Peet_Serfontein

NEWUSD: symmetrical triangle pattern

Long
JSE:NEWUSD   NEWWAVE USD ETN 12MAR42
A price action above 1890 supports a bullish trend direction.
Increase long exposure for a break above 1930.
The target price is set at 2040.
The stop-loss price is set at 1840.
It remains just above its 200-day simple moving average, which might act as major support.
A symmetrical triangle pattern is developing, favouring upside potential.
Remains a risky trade.

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