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Peet_Serfontein

Pair trade: Selling NPH vs Buying SSW

Short
NPH/SSW  
Peet_Serfontein  
NPH/SSW  
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
NPH likely to underperform SSW.
A bearish trend is applicable below the 200-day simple moving average.
Increase pair exposure for a break below 3.9725.
The first target price is set at 3.8090.
The second target price is set at 3.6905.
Fading upside price momentum according to the MACD supports the trade idea (see the lower panel.
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