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JonathanOtero7f

PSG - Rectangle play. Close above R165 triggers the long idea

Long
JonathanOtero7f Updated   
JSE:PSG   None
Chart Patterns Rectangle
8
0
chartpattern rectangle
Close above R165 triggers long idea. First target at R175 and second target at R190. Below R155 short term down trend continues.
Trade active:
Hasn't managed to close above R165 yet so long trade has not triggered yet.
Trade active:
After making a nice move above R165 it made an ugly return to the bottom of the range at R1155. Close below that level would mean that the bears are back in control. Trading very closely with CPI as well.
Trade closed: stop reached:
A horrible reversal on the 30th of July gave us signs of a reversal. Below R155 the trade was stopped. A close below R147 would trigger a short idea.
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