Cup and Handle has formed on Datatec after a couple of months.
Since the price drop, it's been creeping up closing the gap ever so discreetly.
We can even say it's created some type of upward channel.
Either way it's looking bullish and other indicators confirm...
7>21>200
RSI>50
Target R49.21
ABOUT THE COMPANY
Datatec Limited is an international ICT...
JSE:DTC reached a 52-week high today, it also broke above a resistance level. If you zoom into the monthly time frame you'll see that it's near a potential resistance as well, old resistance level. I'm bullish on JSE:DTC on D/W time frames, the resistance level could be an issue but it's an old level.
