SteynTrade

JSE:PSG Still Ranging?

JSE:PSG   PSG GROUP LTD
PSG Group has been ranging since a selling climax ( SC ) in January 2018. Recently there was a change in character after a breakout of a small trading range with a minor sign of strength. Price has marked up to the top of the trading range defined by the Automatic Rally (AR) after the SC . However, supply is seen with some effort without response also indicated by the divergence with the Volume RSI . So it seems the TR could continue and we need to wait for Phase C still to develop.
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