Cup and Handle seems to be forming on City Lodge.
There are signs of a rounding cup, a handle that is in the process and now it needs to complete.
Once the price breaks above the brim level, it'll be more positive for upside.
7=21 = About to cross
Price>200 - Bullish
RSI>50 - Pointing down?
Target R6.51
WARNING is that the previous trend was sideways. We...
Bear Diamond Pattern formed on City Lodge a few weeks ago.
We then had a strong break down, which showed a big collapse to come.
We set our target at R3.71 which many traders thought I was crazy.
I told them I hope I am wrong, because I don't like when companies drop in value who offer great value to customers.
But the charts showed downside and I couldn't be...
Cup and Handle - Retest
7>21 SMA - Bullish
Price >200 Bullish
RSI >50 broken Neg Div.
Target R6.46
General Info
City Lodge (JSE:CLH) is a South African-based hotel group listed on the JSE in 2000. It operates in variety of hotels across South Africa, including the City Lodge Hotel, Road Lodge, and Town Lodge brands. You'll find the hotels mainly in SA...
