oliebobbenos

PSG - On STRONG SUPPORT

JSE:PSG   PSG GROUP LTD
PSG has reached STRONG SUPPORT LEVEL at R246.

Wait until Support at R246 is tested then go LONG. May go up to R275.

Downward breakthrough this support support may see it end-up around R233.
Comment: PSG is now moving in a new band where the previous support of around R246 was broken downwards and generate a new resistance. Seems that it is struggling to break upward through this line. Should it break through then it may go to R275.
Trade active: GOOD entry point on PSG ----R233 - R235
Take profit at R246 - R250
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