I call this a Quazimodo INV H and S> it's because it's an unattractive pattern which isn't the greatest setup for traders when it comes to probabilities.
It's been in a sideways movement since 2 December 2021 fluctuating between a range.
Moving averages look good though 7>21>200 and RSI above 50 and making higher lows.
The first target is R76.00
It's been in a sideways movement since 2 December 2021 fluctuating between a range.
Moving averages look good though 7>21>200 and RSI above 50 and making higher lows.
The first target is R76.00
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.