$JSEQLT - Quilter Plc: Bullishness On The Horizon
Quilter stock has been underwhelming since listing in 2018.
The share peaked at 3487 zac in August 2020, pulled back and retested that previous high but fell short at 3477 zac in August 2021.
What followed has been a strong sell-off which could potentially have bottomed at 1661 zac.
The general EWP pattern in play here is a regular flat labelled wave (A) to (C) with the (C) wave unfolding as an ending diagonal (falling wedge).
The primary critical level price must trade above to maintain the bullish outlook is 1661 zac and the secondary level is 1851 zac.
The share peaked at 3487 zac in August 2020, pulled back and retested that previous high but fell short at 3477 zac in August 2021.
What followed has been a strong sell-off which could potentially have bottomed at 1661 zac.
The general EWP pattern in play here is a regular flat labelled wave (A) to (C) with the (C) wave unfolding as an ending diagonal (falling wedge).
The primary critical level price must trade above to maintain the bullish outlook is 1661 zac and the secondary level is 1851 zac.
