Inv Cup and Handle formed on July 2021...
The price broke below and since then it's been on a downward trajectory with a solid downtrend.
Now the price is currently testing the downtrend, which can go either way.
If it breaks up, we will see short term upside to 3.00.
If it turns and continues down from here the investment short analysis will continue to...
Inv Cup and Handle formed on 28 September 2022.
The price broke below the Brim level and since then it's been a one way trip down to 80 cents.
Right now it seems to turn and approach a bull trap. This is where the price is likely to run up in the next two or three months with the Santa Claus Rally and the January Effect.
It will then reach R2.20 to test the...
We unfortunately foresaw an ominous formation with ACL.
An Inv Cup and Handle on 22 September 2022 where the first trade analysis was sent.
The price broke below the Brim level and has been ever so slowly but evidently falling.
The downtrend remains strong with the price below 200MA.
And with no end of the bear market in sight, the target remains at...
ArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00.
SInce the financial crisis it's just been down and down for the steel and minin company.
It was one of the biggest in the world. and today is showing a slow death.
The technicals still confirm downside to come with the Inverse Cup and Handle.
The taregt remains at 20...
ACl broke below a massive Inverse Cup and Handle. And only today did it hit the Target 1... If the price continues to drop, we can see this going into cents territory.
Right now price is king, so no matter what you're reading with projects and strong fundamentals - this is where people buy and lose their shirts because the market continues down OR continues...
