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...
The CML broke above the Triple Bottom and just made a massive fakeout and shakeout.
It hit the stop loss as I warned from the last analysis, the previous trend was sideways.
This made the probability medium for a trade.
But this comes with the territory and we need the price to break out into a confirmed trend.
this video entails some of the large Assert Management Companies here in South Africa every week we are going to look at a specific sector on the JSE and try and break it down to find investment opportunities
im not a professional speaker but ill try to improve quality and analysis as time goes on
Coronation found resistance at the yearly pivot point after looking strong. It has now been in a steady declining trend. After some redistribution, it looks like the next push down has started.
