Huge Head and Shoulders Pattern Identified by Source_Sailor & Woodcutter.
Thanks to the above analysts.
I've simplified the Chart to LINE to show the Pattern. This now could be a reason why this Stock is playing out as seen. There must be some other Fundamental reasons for this.
I hope the Pain is short lived for those in this Long, as I am one. Regards Graham.
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Perfect Bull Trap. But sell now and lose your capital. This one is for your inheritors. Decision is difficult. Unfortunately Easyequities also joined the club. OMG.
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Support Buyers came in from the recent LOW @ R9.00 Latest JHB SENS released seems to be taken as positive signal. Shares are currently up some +20%.
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The Current Low was on Friday 13th October. From R9 to date the share price is up 50% to R13.60 Go figure that?
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Just heard on BD TV from an analyst "Shiloh Capital" that Management and certain insiders where selling off their shares just when at a critical juncture causing the hype. He also commented that this stock is mostly held by retail investors in SA, but there are significant others in Australia that management might need to answer to. I think a full disclosure is required to be made public.