runyamhere

Quilter: Bearish Into Weekly Lows

Short
runyamhere Updated   
JSE:QLT   QUILTER PLC
Quilter $JSEQLT presented a false breakout trapping unsuspecting bulls, now the daily cycle has failed though price is within timing band for a bounce, it will not last long before price resumes downtrend. Dates of interest would be end of April/early May for long positions. Ideally price must go lower than R16.61 to present good risk/reward for longs following a monthly cycle low.
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