VillageTraderZA

Bullish divergence, Head and Shoulders, and Ascending triangle

Long
JSE:RMI   RAND MERCHANT INV HLDGS LTD
We had a nice bullish divergence pattern on the stock. The share since made higher lows and ultimately forming a head and shoulders pattern. To add to the wind the right shoulder formed an ascending triangle pattern. I;m looking for a break above the 3278c neckline. My minimum target on the trade is 4804c

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