Trader-Dan

TRANSACTION CAPITAL - Broadening Formation

JSE:TCP   TRANSACTION CAPITAL LTD
TCP is trading at the bottom of a broadening formation pattern ....

Failure below R34 will not bode well for the bulls.

Price may have a relief leg on the short term downtrend (daily close above R37.70 confirms) or fade to the R34 and create a right shoulder / "Head & Shoulders" pattern

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.