munyaelliott
Short

REMGRO (REM) 4-HOUR TIMEFRAME SHORT

JSE:REM   REMGRO LTD
Price is currently moving in a steady downtrend, whilst also making higher lows, characteristic of a symmetrical triangle pattern . Prices broke out of a bear flag pattern and we can expect further continuation to the downside. Traders can possibly scale in after a corrective move. The target will be the trendline posing as a support.
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