Broad. Diamond has appeared on the daily.
Either the price breaks down as a continuation from the prior trend.
Or the price breaks up.
My bet is on the price break up. Thats because the low of the Dimaond is showing a Sell Side Liquidity Order Block. (Explained lower)
Othe rindicators
7>21 Price>200
RSI>50
Target one is a short term T to R38.28. Break above...
Box formation is strong with CML.
We need to wait for the price to break up or down from the formation, or it can be a long sideways move.
If it breaks up the target will be R46.00
My bias however is more to the bearish side.
and so if the price breaks below the current uptrend line and below the box formation, it's pretty much a given.
Provided that that the...
In the pipeline is seems Coronation is forming an Inverse Head And Shoulders pattern.
We seem the upside potential on the JSE based on the last analysis I did.
The first target will be to come down a bit, break above the neckline and then head to R41.58
Is #CML #Coronation a buy at these levels?
Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel.
Image 1
TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9.
Image 2
The stochastic indicator shows extreme...
