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VillageTraderZA

An Inverse Head and Shoulders after a bullish divergence on RMI

Long
OUTSURANCE GROUP LIMITED (JSE:OUT)  
VillageTraderZA  
JSE:OUT   OUTSURANCE GROUP LIMITED
Trend Analysis Chart Patterns
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trendanalysis chartpattern
We have a nice looking inverse head and shoulder pattern on Rand merchant. The formation of the left shoulder and the head, also saw the share had a bullish divergence. I’m looking for a break above the neckline at 3278c. The 30w EMA is looking to cross the 60w EMA (my trend indicators).
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