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SteynTrade
Jul 20, 2020 8:27 AM

JSE:VKE Vukile Property Another One with Buying at Volume Long

VUKILE PROPERTY FUND LTDJSE

Description

Staying on the theme of weak stocks with some volume buying in the background Vukile is showing some strength in its weakness. The TR formed after the selling climax (SC) has been weak in the price action but the volume shows significant buying on the up moves. We are now testing the breakout level. Not quite ready to go in but a good reversal bar with some (but not necessarily lots) volume could be a good opportunity to go long looking for a retest of R20. Watching this one.
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